The Creature from Jekyll Island: A Second Look at the Federal Reserve Quiz | Eight 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.
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 I. What Creature Is This? Chapter 3 Protectors of the Public.

Multiple Choice Questions

1. 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) Travel in the US decreased as a result of the bailout.
(d) Air traffic increased after the bailout.

2. The author made what sports analogy to describe the problems with the banking system?
(a) Using a football analogy, the problems with the banking system were presented in a fairly understandable way.
(b) Using a baseball analogy, the problems with the banking system were presented in a fairly understandable way.
(c) Using a soccer analogy, the problems with the banking system were presented in a fairly understandable way.
(d) Using a golf analogy, the problems with the banking system were presented in a fairly understandable way.

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

4. What caused the economy to get into such a state that the government was compelled to bail out banks?
(a) The argument could be made that lax lending practices and overly speculative investments had forced the government to use tax dollars in the bailouts.
(b) The US Congress failed to pass legislation that would have boosted the economy.
(c) The International Monetary Fund had become dangerously unstable.
(d) The American people were taking out too many home loans.

5. What type of person was Paul Moritz Warburg?
(a) Paul Moritz Warburg was a stubborn man concerned only with the wealth of the upper class.
(b) Paul Moritz Warburg was a mild-mannered, shy and sensitive man.
(c) Paul Moritz Warburg was a rude and greedy man.
(d) Paul Moritz Warburg was an elitist who was not concerned with the concerns of the poor.

Short Answer Questions

1. This conspiracy theory about the Federal Reserve pointed the finger at the meeting on Jekyll Island that occurred in 1910.

2. How is the Federal Reserve System reviewed in general?

3. The banking system before the Federal Reserve System allowed banks to lend out what percentage of money against one percent in deposits.

4. What historic reference is contained in this chapter?

5. What resulted after the first electronic run on banks in 1983?

(see the answer key)

This section contains 735 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