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

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 II. A Crash Course on Money, Chapters 7-8 The Barbaric Metal; Fool's Gold.

Multiple Choice Questions

1. In what year was First Pennsylvania Bank bailed out?
(a) First Pennsylvania Bank was bailed out in 1980.
(b) First Pennsylvania Bank was bailed out in 1972.
(c) First Pennsylvania Bank was bailed out in 1975.
(d) First Pennsylvania Bank was bailed out in 1973.

2. Why did banks ask for interest-only payments?
(a) The bank would arrange for interest payments only to take the burden off the customer.
(b) The bank would arrange for interest payments only so that their customers could keep a good credit rating>
(c) The bank would arrange for interest payments only to keep the profits coming in.
(d) The bank would arrange for interest payments only to keep the loan viable.

3. What problems did the economy of the American Colonies incur?
(a) The American Colonies experienced terrible bouts of deflation.
(b) The American Colonies experienced terrible bouts of inflation.
(c) The American Colonies experienced instability in their economy.
(d) The American Colonies experienced economic uncertainty due to interference by England.

4. What important aspect about the economic history of the country did the author fail to mention?
(a) The author failed to mention that our economic system may have been fixed at one time and then broken again.
(b) The author failed to mention that our economic system depends on the success of the stock market.
(c) The author failed to mention that our economic system depends on foreign investments.
(d) The author failed to mention that our economic system is impossible to fix.

5. What often occurs to a conspiracy theory when deceit is not used to strengthen their case?
(a) Without the use of evasive tactics, the conspiracy theories often fall apart in their early stages of development.
(b) Without using deceit, conspiracy theories usually stand on their own merit.
(c) Without using deceit, conspiracy theories are often debated in a higher education venue.
(d) Without using deceit, conspiracy theories are proven on the arena of public opinion.

Short Answer Questions

1. How was the nationalization of banks justified?

2. The author made what sports analogy to describe the problems with the banking system?

3. Why was housing becoming difficult to obtain in the 1980s?

4. Why did banks offer debtors more credit?

5. What is the status of a loan that is "underwater?"

(see the answer key)

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