View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Section I. What Creature Is This? Chapters 5-6 Nearer to the Heart's Desire; Building the New World Order.

Multiple Choice Questions

1. In what year was the concept of the Federal Reserve first developed?
(a) The concept of the Federal Reserve was developed in 1910?
(b) The concept of the Federal Reserve was developed in 1952.
(c) The concept of the Federal Reserve was developed in 1920.
(d) The concept of the Federal Reserve was developed in 1966.

2. Why was housing becoming difficult to obtain in the 1980s?
(a) The construction industry was experiencing labor conflicts.
(b) Congressional actions began to place restrictive regulations on house buying.
(c) The cost of housing was sky-rocketing.
(d) Wages were not keeping up with inflation, which made housing harder to obtain.

3. Why did banks offer debtors more credit?
(a) Banks offered more credit to debtors to increase interest payments to the them.
(b) Banks offered more credit to debtors to help them purchase homes.
(c) Banks offered more credit to debtors to help improve their credit rating.
(d) Banks offered more credit to debtors to so they could increase their purchasing power.

4. What country contributed the largest investment in the IMF?
(a) Member nations contributed to the IMF, with the European Union giving the most.
(b) Member nations contributed to the IMF, with England giving the most.
(c) Member nations contributed to the IMF, with the Soviet Union giving the most.
(d) Member nations contributed to the IMF, with the US giving the most.

5. The Federal Reserve System was designed to control what element of member banks?
(a) The Federal Reserve System was designed to control a bank's ability to make loans.
(b) The Federal Reserve System was designed to control a bank's cash flow.
(c) The Federal Reserve System was designed to control how much reserve cash a bank can invest in its expansion.
(d) The Federal Reserve System was designed to control how much reserve cash any member bank had to keep on hand.

Short Answer Questions

1. What action was taken by the Federal Reserve during the 1980s S&L crisis?

2. What major banks failed in 1972?

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

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

5. What is the main transport of both Amtrak and Conrail?

(see the answer key)

This section contains 726 words (approx. 3 pages at 300 words per page) View a FREE sample