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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 major banks failed in 1972?
(a) Unity Bank fell in 1972, as did the Commonwealth Bank of Detroit.
(b) In 1972, Bank of America and Citibank failed.
(c) First Bank of California and Wells Fargo Bank failed in 1972.
(d) In 1972, First Bank of Michigan and New York Bank both failed.

2. What is the fundamental basis of capitalism?
(a) The main idea behind capitalism was making investments in foreign interests.
(b) The main idea behind capitalism was investment and return on investment.
(c) The main idea behind capitalism was making money and hoarding cash.
(d) The main idea behind capitalism was providing welfare to the less fortunate.

3. What resulted after the first electronic run on banks in 1983?
(a) The first electronic run on banks happened in 1983, leading to a massive bailout in the $6 billion range.
(b) The first electronic run on banks happened in 1983, leading to one trillion dollars being added to the deficit.
(c) The first electronic run on banks happened in 1983, leading to a collapse of the economy.
(d) The first electronic run on banks happened in 1983, leading to a hoarding of cash.

4. Why was platinum not used to back the monetary system?
(a) There were myths about platinum and many questioned its real value making it unacceptable to be used to be the standard for a monetary system.
(b) Not enough platinum occurred in the United States to be used as the standard for a monetary system.
(c) Platinum was too scarce to be used to be the standard for a monetary system.
(d) Platinum did not have the popular support of the public to become the standard for a monetary system.

5. What impact did the Greek currency system have on the economy?
(a) The Greek currency system had no effect on the economy.
(b) The Greek currency system led to a stable economy.
(c) The Greek currency system led to other cultures creating similar systems.
(d) The Greek currency system led to an unstable economy.

Short Answer Questions

1. What did the issuance of the first paper money lead to?

2. What restricted the the states from using fiat money?

3. What financing was behind the second Russian revolution?

4. What was the goal of the secret society founded by Lord Alfred Milner?

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

(see the answer key)

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