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. The nationalization of banks has occurred during conservative or liberal administrations?
(a) The nationalization of banks occurred when there is equal balance among all branches of government.
(b) The nationalization of banks occurred during conservative as well as liberal administrations.
(c) The nationalization of banks occurred during liberal administrations.
(d) The nationalization of banks occurred during conservative administrations.

2. How did the banks make their money?
(a) The banks made money on both interest ad principle payments.
(b) The banks made money on interest, not principle, payments.
(c) The banks made money on their cash flow.
(d) The banks made money on principle, not on interest payments.

3. What culture was the first to create a currency system based on gold and silver?
(a) Alexander the Great came up with the idea to make coins out of gold and silver.
(b) The ancient Romans came up with the idea to make coins out of gold and silver.
(c) The British came up with the idea to make coins out of gold and silver.
(d) The ancient Greeks came up with the idea to make coins out of gold and silver.

4. Why did banks offer debtors more credit?
(a) Banks offered more credit to debtors to increase interest payments to the them.
(b) Banks offered more credit to debtors to help improve their credit rating.
(c) Banks offered more credit to debtors to help them purchase homes.
(d) Banks offered more credit to debtors to so they could increase their purchasing power.

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 president vetoed the legislation that was necessary to carry out the plan.
(d) 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.

Short Answer Questions

1. The Federal Reserve System was designed to control what element of member banks?

2. What major banks failed in 1972?

3. What was the main argument in favor of nationalizing banks?

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

5. Why were S&Ls popular with those seeking loans in the 1980s?

Short Essay Questions

1. In Chapter 8, how did the development of paper money begin?

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

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

4. In Chapter 3, what was the result of the 1970 Penn Central Railroad bailout?

5. In Chapter 2, how did the author characterize the problems with the banking system?

6. According to Chapter 6, how did the new world order develop?

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

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

9. In Chapter 3, what occurred when Congress stepped in during the S&L crisis?

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

(see the answer keys)

This section contains 1,021 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