The Creature from Jekyll Island: A Second Look at the Federal Reserve Test | Mid-Book Test - Medium

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.
Buy The Creature from Jekyll Island: A Second Look at the Federal Reserve Lesson Plans
Name: _________________________ Period: ___________________

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What monetary system did the Constitution of the newly formed United States require?
(a) When the United States was formed, the Constitution required gold-backed money.
(b) When the United States was formed, the Constitution required a paper currency system.
(c) When the United States was formed, the Constitution required that all precious metal be in the control of the government.
(d) When the United States was formed, the Constitution required a fractional money system.

2. What is laudable about the author's work?
(a) The author provided a clear and concise conservative viewpoint.
(b) The author provided a clear and concise liberal viewpoint.
(c) The author did provide a convincing argument that our economic system had been broken at some time in the past.
(d) The author had majored in international economics.

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

4. What unreasonable conclusion does the author make about the IMF and World Bank?
(a) The IMF and World Bank are operated by those with anti-American views.
(b) The IMF and World Bank are run by political operatives.
(c) The IMF and World Bank are corrupt organizations.
(d) Nothing the IMF or World Bank has done worked out successfully.

5. How did the development of paper money begin?
(a) The development of paper money started out as vouchers issued by the government.
(b) The development of paper money started out as simply receipts issued by goldsmiths who kept other people's gold coins in their vaults.
(c) The development of paper money started out as simply receipts issued by goldsmiths who were the first banks.
(d) The development of paper money started out as simply receipts issued by goldsmiths who gave the people's gold coins to the government.

Short Answer Questions

1. The nationalization of banks has occurred during conservative or liberal administrations?

2. What was a fundamental flaw in a paper money system not backed by gold?

3. What did the issuance of the first paper money lead to?

4. What resulted after the first electronic run on banks in 1983?

5. What problems did the economy of the American Colonies incur?

Short Essay Questions

1. According to Chapter 5, what was the relationship between the UN and the World Bank and IMF?

2. In Chapter 2, how did the banks make their money?

3. In Chapter 1, how is a "public run" defined?

4. According to Chapter 4, what caused the Savings & Loan crisis of the 1980s?

5. According to Chapter 5, what country contributed the largest investment in the IMF?

6. In Chapter 8, what did the issuance of the first paper money lead to?

7. In Chapter 3, what is the first bailout that is covered in this book?

8. According to Chapter 2, what is the Federal Deposit Insurance Corporation?

9. According to Chapter 1, what were banks allowed to lend prior to the establishment of the Federal Reserve System?

10. According to Chapter 3, what were some of the major organizations helped by government bailouts?

(see the answer keys)

This section contains 913 words
(approx. 4 pages at 300 words per page)
Buy The Creature from Jekyll Island: A Second Look at the Federal Reserve Lesson Plans
Copyrights
BookRags
The Creature from Jekyll Island: A Second Look at the Federal Reserve from BookRags. (c)2018 BookRags, Inc. All rights reserved.
Follow Us on Facebook