The Creature from Jekyll Island: A Second Look at the Federal Reserve Test | Final Test - Easy

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 test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. How did some organizations profit during boom-bust cycles by buying bonds?
(a) Buying up bonds during busts gained tremendous value ten years later.
(b) Buying up bonds during busts gained tremendous value during boom times.
(c) Buying up bonds during booms gained tremendous value during bust times.
(d) Buying up bonds during busts gained tremendous value during the Great Depression.

2. What restricted the the states from using fiat money?
(a) The US Congress specifically restricted the use of fiat money by the states.
(b) The Constitution specifically restricted the use of fiat money by the states.
(c) The International Monetary Fund specifically restricted the use of fiat money by the states.
(d) The Federal Reserve specifically restricted the use of fiat money by the states.

3. What fraudulent global threat was invented to bring the entire world together?
(a) What developed as the global threat was capitalism.
(b) What developed as the global threat was communism.
(c) What developed as the global threat was environmentalism.
(d) What developed as the global threat was poverty.

4. What role did J. P. Morgan have in Milner's secret society?
(a) J.P. Morgan financed the sides of political struggles that agreed with his conservative views.
(b) J.P. Morgan financed all sides of political struggles so that no matter who won, that side would be beholding to him and his organizations.
(c) J.P. Morgan financed the sides of political struggles that agreed with his liberal views.
(d) J.P. Morgan financed all sides of political struggles to boost his chances for elective office.

5. How were some organizations able to profit during the boom-bust cycle?
(a) Big fortunes were also made by powerful financiers through illegal operations. The Bank of England, the House of Morgan and the Rothschilds were among the winners.
(b) Big fortunes were also made by powerful financiers through legislation that favored them. The Bank of England, the House of Morgan and the Rothschilds were among the winners.
(c) Big fortunes were also made by powerful financiers through market manipulations. The Bank of England, the House of Morgan and the Rothschilds were among the winners.
(d) Big fortunes were also made by powerful financiers by hoarding cash. The Bank of England, the House of Morgan and the Rothschilds were among the winners.

6. Early banks were supported by what monetary system?
(a) Sometimes the banks were on a gold system, but most often they went to a fiat money system.
(b) Sometimes the banks were on a gold system, but most often they were backed by their governments.
(c) Sometimes the banks were on a gold system, but most were backed by other commodities.
(d) Sometimes the banks were on a gold system, but most often they went to a silver-backed money system.

7. The Bank of North America was disbanded after what event?
(a) At the end of the Civil War, The Bank of North America was disbanded.
(b) At the end of World War I, The Bank of North America was disbanded.
(c) At the end of the Revolutionary War, The Bank of North America was disbanded.
(d) At the end of the Spanish American War, The Bank of North America was disbanded.

8. What does the author predict for the U.S. economy?
(a) The author predicted that the Federal Reserve would fail and that the US dollar would lose most of its value.
(b) The author predicted that banks would leading to crippling inflation and a new currency.
(c) The author predicted that the UN would control the world's currency.
(d) The author predicted that US Congressional oversight of banks would be removed and that the people would be at the mercy of all-powerful banks.

9. What would result if the money system returned to the gold standard?
(a) A return to the gold standard would require a period of financial pain and many fortunes would evaporate.
(b) A return to the gold standard would result in instability and deflationary times.
(c) A return to the gold standard would result in instability and inflationary times.
(d) A return to the gold standard would set off a boom-bust cycle.

10. What event sparked the conflicts that led to World War I?
(a) World War I started in 1914 with the intercession of the US into European affairs.
(b) World War I started in 1914 with the assassination of the Archduke of Austria-Hungary, Francis Ferdinand.
(c) World War I started in 1914 with a global economic collapse.
(d) World War I started in 1914 with the assassination of the Kaiser Wilhelm II of Germany.

11. What solid case did governments make for fiat monetary systems?
(a) As long as governments wanted ever more money for projects such as wars, building infrastructure and social programs, the governments would increase taxes.
(b) As long as governments wanted ever more money for projects such as wars, building infrastructure and social programs, the governments would increase the budget deficit.
(c) As long as governments wanted ever more money for projects such as wars, building infrastructure and social programs, the governments would raise the debt ceiling.
(d) As long as governments wanted ever more money for projects such as wars, building infrastructure and social programs, the governments would increase the money supply.

12. What place in history does the Rothschild family hold?
(a) Mayer Amschel Rothschild and his five sons financed European wars occurring after World War II through the Cold War years.
(b) Mayer Amschel Rothschild and his five sons financed worldwide wars from the middle of the eighteenth century into the nineteenth.
(c) Mayer Amschel Rothschild and his five sons financed European wars from the middle of the eighteenth century into the nineteenth.
(d) Mayer Amschel Rothschild and his five sons financed European wars occurring in the twentieth century.

13. What did communism become known as in the 1980s?
(a) What was called communism had its name changed to social democracy, although the system worked exactly the same.
(b) What was called communism had its name changed to fascism, although the system worked exactly the same.
(c) What was called communism had its name changed to socialism, although the system worked exactly the same.
(d) What was called communism had its name changed to social capitalism, although the system worked exactly the same.

14. What resulted from the Mandrake Mechanism?
(a) The results of this system included social planning and hidden taxation by means of deflation.
(b) The results of this system included social planning and hidden taxation by means of inflation.
(c) The results of this system included social planning and hidden taxation and currency devaluation.
(d) The results of this system included social planning and tax relief.

15. How did governments devalue currency in fiat money systems?
(a) This was accomplished by devaluing the currency through use of the printing press.
(b) This was accomplished by devaluing the currency through legislation.
(c) This was accomplished by devaluing the currency through regulation.
(d) This was accomplished by devaluing the currency through taxation..

Short Answer Questions

1. Which European bank become the model for the Federal Reserve System?

2. The Rothschilds financed the conflict in which what historic leader was defeated by England?

3. What were the additional goals after the Federal Reserve was established in 1910?

4. What decade marked the beginning of a tremendous surge in U.S. debt?

5. What bank was The Bank of North America modeled after?

(see the answer keys)

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