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This quiz consists of 5 multiple choice and 5 short answer questions through Section VI. Time Travel into the Future, Chapters 24-26 Doomsday Mechanisms; A Pessimistic Scenario; A Realistic Scenario.

Multiple Choice Questions

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

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

3. How is the Federal Reserve System reviewed in general?
(a) The Federal Reserve System had become the lender of last resort.
(b) The Federal Reserve System had become the economic leader of the country.
(c) The Federal Reserve System had become the nation's first source of lending.
(d) The Federal Reserve System had become known to have the strictest lending standards.

4. What is the Rothschild Formula?
(a) The Rothschild Formula means that money could be made from warfare when the US is on the winning side.
(b) The Rothschild Formula means that money could be made from warfare when the winning side stands for social reform.
(c) The Rothschild Formula means that money could be made from warfare and from both sides of the conflicts.
(d) The Rothschild Formula means that money could be made from warfare and from the winning side of the conflict.

5. What is the status of a loan that is "underwater?"
(a) When a home loan is underwater, the homeowner is forced into bankruptcy.
(b) When a home loan is underwater, the homeowner owns more on the home than it is worth on the market.
(c) When a home loan is underwater, the homeowner is forced into foreclosure by the lender.
(d) When a home loan is underwater, the homeowner must take out a second mortgage.

Short Answer Questions

1. What country was formed after the second Russian revolution?

2. Who does the Federal Reserve depend on to bail out the country in times of economic collapse?

3. What system was in control of the economy before the Federal Reserve System was established?

4. Since its inception in 1910, the Federal Reserve had made what decisions about bank bailouts?

5. Why did banks make risky loans?

(see the answer key)

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