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 was the goal of the secret society founded by Lord Alfred Milner?
(a) A secret society, founded by Lord Alfred Milner, had as its goal the democratization of the entire world.
(b) A secret society, founded by Lord Alfred Milner, had as its goal the eradication of disease and hunger.
(c) A secret society, founded by Lord Alfred Milner, had global peace as its main goal.
(d) A secret society, founded by Lord Alfred Milner, had as its goal the dominance of the world through money controls.

2. In what year was First Pennsylvania Bank bailed out?
(a) First Pennsylvania Bank was bailed out in 1972.
(b) First Pennsylvania Bank was bailed out in 1975.
(c) First Pennsylvania Bank was bailed out in 1980.
(d) First Pennsylvania Bank was bailed out in 1973.

3. Since its inception in 1910, the Federal Reserve had made what decisions about bank bailouts?
(a) Since its inception in 1910, the Federal Reserve had decided that medium-sized banks would get the majority of bailouts.
(b) Since its inception in 1910, the Federal Reserve had decided that large banks would get bailouts only if they could prove they had complied with all regulations.
(c) Since its inception in 1910, the Federal Reserve had decided that large banks would be the only banks to get bailouts.
(d) Since its inception in 1910, the Federal Reserve had decided that large banks would get bailouts, medium-sized banks would get some bailouts, and small banks would be left to fail or be acquired by larger banks.

4. What events cause deflation?
(a) Deflation occurs when prices suddenly increase.
(b) Deflation occurs when the stock market suddenly tumble.
(c) Deflation occurs when prices suddenly tumble.
(d) Deflation occurs when the government takes steps against inflationary signals.

5. What resulted when paper money was not backed with gold or silver?
(a) Money not backed by precious metal led to inflation and political upheaval.
(b) Money not backed by precious metal led to higher deficits.
(c) Money not backed by precious metal led to booming economies and political stability.
(d) Money not backed by precious metal led to deflation and political upheaval.