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This quiz consists of 5 multiple choice and 5 short answer questions through The Obliteration of Capitalism.

Multiple Choice Questions

1. When does the gold standard cease to exist?
(a) At the beginning of World War I.
(b) At the end of World War II.
(c) At the beginning of World War II.
(d) At the end of World War I.

2. To function as a medium of exchange, an item must be durable and what?
(a) Scarce.
(b) Common.
(c) Plentiful.
(d) Sturdy.

3. Who does Algeria fight for independence?
(a) Germany.
(b) Britain.
(c) France.
(d) Spain.

4. Money functions as a __________ in transactions.
(a) National linkage.
(b) Common denominator.
(c) Similar currency.
(d) Easy standard.

5. Governor Romney says we do not have a system of capitalism but of what?
(a) Regulation.
(b) Retaliation.
(c) Protectionism.
(d) Consumerism.

Short Answer Questions

1. In a gold-standard system, gold will flow from a low-interest-rate country to where?

2. What kind of rights, according to the author, is the American system of government based on?

3. One of the tactics of this group is to paint capitalism as evil.

4. The existence of money allows people to avoid the problems of ______.

5. What is one function of money?

(see the answer key)

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