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

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.
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This quiz consists of 5 multiple choice and 5 short answer questions through Section IV. A Tale of Three Banks, Chapters 16-19 The Creature Comes to America; A Den of Vipers; Loaves and Fishes, and Civil War; Greenbacks and Other Crimes.

Multiple Choice Questions

1. What was the location of the meeting where the concept of the Federal Reserve was developed?
(a) The concept of the Federal Reserve was developed on Long Island.
(b) The concept of the Federal Reserve was developed on Jekyll Island.
(c) The concept of the Federal Reserve was developed in the Hawaiin Islands.
(d) The concept of the Federal Reserve was developed on Alcatraz Island.

2. What culture was the first to create a currency system based on gold and silver?
(a) The ancient Romans came up with the idea to make coins out of gold and silver.
(b) The ancient Greeks came up with the idea to make coins out of gold and silver.
(c) Alexander the Great came up with the idea to make coins out of gold and silver.
(d) The British came up with the idea to make coins out of gold and silver.

3. Why has bank fraud never been eliminated?
(a) Financial experts were taught that the way banking worked in the US was the only way it could work, and so the fraud kept on going.
(b) The Federal Reserve tried to institute European standards which led to the perpetuation of fraud.
(c) The Federal Reserve was influenced by lobbyists who advocated fraudulent regulations.
(d) The Federal Reserve was controlled by outside political interests that fostered fraud.

4. What is the true function of the FDIC?
(a) The FDIC is another way to pay off banking mistakes through the taxpayer.
(b) The FDIC is another way to support the people who use banks.
(c) The FDIC is another way to pay off the debt of the taxpayer.
(d) The FDIC is another way to demonstrate the strength of the economy.

5. What is the basic structure of the U.S. monetary system?
(a) The monetary system in the U.S. was constructed for debt to be necessary in order for the Congress to pass tax increases.
(b) The monetary system in the U.S. was constructed for debt to be necessary in order for the money supply to remain in existence.
(c) The monetary system in the U.S. was constructed for debt to be necessary in order for Federal Reserve to remain in control of monetary concerns.
(d) The monetary system in the U.S. was constructed for debt to be necessary in order for the economy to flourish.

Short Answer Questions

1. What culture first developed the modern equivalent of the banking industry?

2. What was the motivation for the Rothschilds to finance wars?

3. What impact does deflation have on individuals who are repaying loans?

4. How open to questioning were the original participants of the 1910 meeting?

5. How does a currency drain occur within the banking system?

(see the answer key)

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