|
| Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3, The Anatomy of Crisis.
Multiple Choice Questions
1. The Great Depression began in:
(a) 1929
(b) 1940
(c) 1934
(d) 1931
2. Open Market Operations refers to:
(a) a department store sale
(b) flooding the market with junk bonds
(c) stock market operations
(d) the purchase and sale of government bonds
3. Free trade takes place when:
(a) when producers want to see a good
(b) when consumers want a good
(c) when one party can benefit
(d) all parties feel they can benefit
4. Some people support tariffs because they think that tariffs:
(a) lower prices
(b) result in increased efficiency
(c) offer protection for consumer
(d) create jobs
5. The Federal Deposit Insurance Corporation:
(a) guarantees deposits against a loss up to a stated amount
(b) guarantees the repayment of bank loans
(c) provides mortgage insurance for homeowners
(d) guarantees the full amount of all deposits against loss
Short Answer Questions
1. A tariff implemented to raise employment in the domestic nation:
2. A deposit represents:
3. Government interferes with the price system by:
4. What interferes with the transmittal of information by prices?
5. Which bank failure precipitated the banking crisis of 1930?
|
This section contains 222 words (approx. 1 page at 300 words per page) |
|



