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

2. What is the goal of the creation of the Federal Reserve System?
(a) To ease temporary reserve shortages.
(b) To create a spending account for the military.
(c) To create a national savings account.
(d) To limit the amount of currency in circulation.

3. According to Rand, what must the individual be willing to do in a capitalist society?
(a) Sacrifice for monopolies.
(b) Sacrifice for money.
(c) Sacrifice for the common good.
(d) Sacrifice for the government.

4. What is one function of money?
(a) A means of saving.
(b) A means of accounting.
(c) A means of wealth.
(d) A means of processing.

5. According to the author, many less-developed countries feel ______ by capitalism.
(a) Threatened.
(b) Neglected.
(c) Pleased.
(d) Harassed.

Short Answer Questions

1. The author believes that capitalism cannot function with what?

2. Among those countries of the world that have had fascist dictatorships, a favorable opinion of _______ is found.

3. In the U.S., the economic system isn't a pure capitalist system but is what?

4. What, according to the author, does the gold standard facilitate?

5. The existence of money promotes the division of what?

(see the answer key)

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