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 were the results of the Russian revolutions?
(a) The first revolution brought in a somewhat democratic government, while the second brought in an oligarchy.
(b) The first revolution brought in a a somewhat democratic government, while the second brought in a a somewhat democratic government.
(c) The first revolution brought in a somewhat democratic government, while the second brought in a a somewhat democratic government.
(d) The first revolution brought in a monarchy, while the second brought in a tyrannical government.

2. What did communism become known as in the 1980s?
(a) What was called communism had its name changed to social capitalism, although the system worked exactly the same.
(b) What was called communism had its name changed to social democracy, although the system worked exactly the same.
(c) What was called communism had its name changed to fascism, although the system worked exactly the same.
(d) What was called communism had its name changed to socialism, although the system worked exactly the same.

3. What importance does political ideology have on the nationalization of banks?
(a) Liberal ideologues have the great influence on bank legislation.
(b) The Congressional chairman of the Banking Committee influences support for nationalization.
(c) Political lobbyists for banks have great influence on their nationalization.
(d) The nationalization of banks is such a strong part of the overall economy that political ideology did not matter.

4. How is the Federal Reserve System reviewed in general?
(a) The Federal Reserve System had become the economic leader of the country.
(b) The Federal Reserve System had become known to have the strictest lending standards.
(c) The Federal Reserve System had become the nation's first source of lending.
(d) The Federal Reserve System had become the lender of last resort.

5. What monetary system did the Constitution of the newly formed United States require?
(a) When the United States was formed, the Constitution required that all precious metal be in the control of the government.
(b) When the United States was formed, the Constitution required a paper currency system.
(c) When the United States was formed, the Constitution required gold-backed money.
(d) When the United States was formed, the Constitution required a fractional money system.