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

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 I. What Creature Is This? Chapters 5-6 Nearer to the Heart's Desire; Building the New World Order.

Multiple Choice Questions

1. How did the New World Order develop?
(a) The New World Order was an outgrowth of the international events that led up to the fall of Nazism, specifically the defeat of Nazi Germany.
(b) The New World Order was an outgrowth of the international events that led up to the Great Depression of 1929.
(c) The New World Order was an outgrowth of the international events that led up to the fall of Communism, specifically the dissolution of the USSR.
(d) The New World Order was an outgrowth of the international events that led to the defeat of the Axis powers in World War II.

2. What is the definition of a public run on a bank?
(a) A public run is when the government puts a bank up for sale.
(b) A public run occurs when the Federal government takes ownership of a bank.
(c) A public run was when many depositors demanded their cash from a bank and wiped out the bank's reserves.
(d) A public run occurs when a bank runs out of cash.

3. What generalization did the author make about conspiracy theorists?
(a) Conspiracy theorists are generally more intelligent than the general population.
(b) Those who believe in conspiracy theories usually are better educated than the average person.
(c) There were two kinds of people in the world--those who believed in conspiracy and those who did not.
(d) Those who believe in conspiracy theories are usually more well-informed than most people.

4. What is the main transport of both Amtrak and Conrail?
(a) Amtrak had been the freight side of Penn Central, while Conrail had been the passenger side.
(b) Amtrak is the main carrier for government cargo and Conrail is available to the general public.
(c) Amtrak operates as a commuter train while Conrail operates as a long-distance carrier.
(d) Amtrak had been the passenger side of Penn Central, while Conrail had been the freight side.

5. The banking system before the Federal Reserve System allowed banks to lend out what percentage of money against one percent in deposits.
(a) The banking system before the Federal Reserve System allowed banks to lend out more money than they held in deposits, up to sixty percent loaned out with only one percent in deposits.
(b) The banking system before the Federal Reserve System allowed banks to lend out more money than they held in deposits, up to fithy percent loaned out with only one percent in deposits.
(c) The banking system before the Federal Reserve System allowed banks to lend out more money than they held in deposits, up to twenty percent loaned out with only one percent in deposits.
(d) The banking system before the Federal Reserve System allowed banks to lend out more money than they held in deposits, up to ninety-nine percent loaned out with only one percent in deposits.

Short Answer Questions

1. What organization ensures the nationalization of banks?

2. What impacted housing prices in the Midwest states?

3. What caused the Savings & Loan crisis of the 1980s?

4. What economic group is hit the hardest by an inflation?

5. What did the Federal Reserve System help banks to do?

(see the answer key)

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