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. What was the main argument in favor of nationalizing banks?
(a) The fundamental argument in favor of the nationalization was that the system was so broken that it simply could not be regulated enough to work without eventually nationalizing all banking and industry.
(b) The fundamental argument in favor of the nationalization was that the system had to be purged of risk-taking bank executives.
(c) The fundamental argument in favor of the nationalization was that a weak economy would recover more quickly.
(d) The fundamental argument in favor of the nationalization was that such bailouts would be allowed only once.

2. 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 is impossible to fix.
(b) The author failed to mention that our economic system may have been fixed at one time and then broken again.
(c) The author failed to mention that our economic system depends on the success of the stock market.
(d) The author failed to mention that our economic system depends on foreign investments.

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

4. How were the policies of FDR's administration a departure from capitalism?
(a) They abandoned the principles of the International Monetary Fund that were supposed to have worked with a purely capitalistic system.
(b) They abandoned Congressional banking regulations that were supposed to have worked with a purely capitalistic system.
(c) They abandoned the free market principles that were supposed to have worked with a purely capitalistic system.
(d) They abandoned standards of the Federal Reserve that were supposed to have worked with a purely capitalistic system.

5. What caused the Savings & Loan crisis of the 1980s?
(a) The Savings and Loan or S&L crisis of the 1980s happened because the government tried to insure the deposits, but the funds were tied up in bank bailouts.
(b) The Savings and Loan or S&L crisis of the 1980s happened because the government tried to insure the deposits, but the funds were not made available by Congress.
(c) The Savings and Loan or S&L crisis of the 1980s happened because the government tried to insure the deposits, but the funds to do this were not adequate.
(d) The Savings and Loan or S&L crisis of the 1980s happened because the government tried to insure the deposits but the president vetoed the legislation that was necessary to carry out the plan.

Short Answer Questions

1. What happened to many homeowners when the housing market bubble burst?

2. When were the International Monetary Fund and World Bank established?

3. What resulted when paper money was not backed with gold or silver?

4. How did the New World Order develop?

5. What does the FDIC stand for?

(see the answer key)

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