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. When did governmental typically find it necessary to print more paper money?
(a) Governments simply printed more money when needed, usually during times of war.
(b) Governments simply printed more money when needed, usually during legislative battles.
(c) Governments simply printed more money when needed, usually during economic downturns.
(d) Governments simply printed more money when needed, usually during political unrest.

2. What is a fractional money system?
(a) A fractional money system is one in which paper money was initially backed by gold but was later diluted when the gold was invested in foreign interests.
(b) A fractional money system is one in which paper money was initially backed by gold but was later diluted as more paper money was printed.
(c) A fractional money system is one in which paper money was initially backed by gold but was later diluted when the gold was devalued.
(d) A fractional money system is one in which paper money was initially backed by gold but was later diluted with the backing of silver.

3. What city became a major part of the welfare state in 1975?
(a) New York City became a major part of the welfare state in 1975 via Federal government bailouts.
(b) Los Angeles became a major part of the welfare state in 1975 via Federal government bailouts.
(c) Chicago became a major part of the welfare state in 1975 via Federal government bailouts.
(d) Atlanta became a major part of the welfare state in 1975 via Federal government bailouts.

4. How did many people feel about those who went too far into debt?
(a) Many felt that people who were in debt had been encouraged to do so by political figures.
(b) Many argued that those in deep debt should be forgiven much of their dept because of the reclining economy.
(c) Many felt that the nation had been taught to rely too much on credit.
(d) Many argued that people who went too far into debt had done this on their own--nobody had forced people into the mortgages or credit cards.

5. What debt would be incurred by future generations from currency devaluation?
(a) National debts were paid right away from the currency devaluation and only interest payments would be inherited by future generations.
(b) National debts were paid right away from the currency devaluation and only deficits would be inherited by future generations.
(c) National debts were paid right away from the currency devaluation and only national growth expenses would be inherited by future generations.
(d) National debts were paid right away from the currency devaluation and only debts to foreign investors would be inherited by future generations.