View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Section III. The New Alchemy, Chapters 13-15 Masquerade in Moscow; The Best Enemy Money Can Buy; The Lost Treasure Map.

Multiple Choice Questions

1. What financing was behind the second Russian revolution?
(a) The second Russian revolution was financed by England and France.
(b) The second Russian revolution was financed by the Communist bloc.
(c) The second Russian revolution was financed by European countries and the US.
(d) The second Russian revolution was financed by Asian countries and the US.

2. What impact does deflation have on individuals who are repaying loans?
(a) Deflation causes people to repay more value on loans taken out during a bear market.
(b) Deflation causes people to repay more value on loans taken out during inflationary times.
(c) Deflation causes people to repay more value on loans taken out during a bull market.
(d) Deflation causes people to repay more value on loans during an economic downturn.

3. What problems did the economy of the American Colonies incur?
(a) The American Colonies experienced instability in their economy.
(b) The American Colonies experienced economic uncertainty due to interference by England.
(c) The American Colonies experienced terrible bouts of deflation.
(d) The American Colonies experienced terrible bouts of inflation.

4. How many revolutions did Russia actually undergo?
(a) Russia went through five revolutions.
(b) Russia went through seven revolutions.
(c) Russia went through two revolutions.
(d) Russia went through three revolutions.

5. Why was gold considered the ideal metal behind a monetary system?
(a) Gold was considered the perfect metal because it was the most common of the precious metals.
(b) Gold was considered the perfect metal because it was the most sought after of the precious metals.
(c) Gold was considered the perfect metal because of its intrinsic value and scarcity throughout history.
(d) Gold was considered the perfect metal because of its value and availability.

Short Answer Questions

1. In what year was First Pennsylvania Bank bailed out?

2. What caused the economy to get into such a state that the government was compelled to bail out banks?

3. How is the Federal Reserve System reviewed in general?

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

5. What resulted when paper money was not backed with gold or silver?

(see the answer key)

This section contains 586 words (approx. 2 pages at 300 words per page) View a FREE sample