The Creature from Jekyll Island: A Second Look at the Federal Reserve Quiz | Two Week Quiz A

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.
Buy The Creature from Jekyll Island: A Second Look at the Federal Reserve Lesson Plans
Name: _________________________ Period: ___________________

This quiz consists of 5 multiple choice and 5 short answer questions through Section II. A Crash Course on Money, Chapters 9-10 The Secret Science; The Mandrake Mechanism.

Multiple Choice Questions

1. How did the banks make their money?
(a) The banks made money on interest, not principle, payments.
(b) The banks made money on principle, not on interest payments.
(c) The banks made money on their cash flow.
(d) The banks made money on both interest ad principle payments.

2. What resulted from the 1970 Penn Central Railroad bailout?
(a) More roads were built by the government as a result of the bailout.
(b) The 1970 Penn Central Railroad bailout resulted in government-owned Amtrak and privately owned Conrail.
(c) Air traffic increased after the bailout.
(d) Travel in the US decreased as a result of the bailout.

3. What does the FDIC stand for?
(a) The FDIC stands for The First Debt Institute of Connneticut.
(b) The FDIC stands for The First Depositor's Insurance Corporation.
(c) The FDIC stands for The Federal Debt Issuers Company.
(d) The FDIC stands for The Federal Deposit Insurance Corporation.

4. What important aspect about the economic history of the country did the author fail to mention?
(a) The author failed to mention that our economic system depends on foreign investments.
(b) The author failed to mention that our economic system may have been fixed at one time and then broken again.
(c) The author failed to mention that our economic system is impossible to fix.
(d) The author failed to mention that our economic system depends on the success of the stock market.

5. During the history of the world, what types of things were first traded?
(a) During the history of money development, the first currency system was based on grain and livestock.
(b) During the history of money development, trade started out between neighboring communities.
(c) During the history of money development, trade started out with a rudimentary currency system.
(d) During the history of money development, trade started out with bartering commodities, cows traded for grain and so on.

Short Answer Questions

1. Why has bank fraud never been eliminated?

2. What happened when Congress stepped in during the S&L crisis?

3. How did the development of paper money begin?

4. Why was there skepticism about the author's analysis?

5. What was a fundamental flaw in a paper money system not backed by gold?

(see the answer key)

This section contains 658 words
(approx. 3 pages at 300 words per page)
Buy The Creature from Jekyll Island: A Second Look at the Federal Reserve Lesson Plans
Copyrights
BookRags
The Creature from Jekyll Island: A Second Look at the Federal Reserve from BookRags. (c)2018 BookRags, Inc. All rights reserved.
Follow Us on Facebook