This quiz consists of 5 multiple choice and 5 short answer questions through Section II. A Crash Course on Money, Chapters 9-10 The Secret Science; The Mandrake Mechanism.

Multiple Choice Questions

1. What may have contributed to the problems of the S&Ls in the 1980s?
(a) Inflation was in the double-digits and real estate prices were going rapidly decreasing.
(b) Inflation was in the double-digits and real estate prices were going up rapidly.
(c) Deflation was in the double-digits and real estate prices were going up rapidly.
(d) Inflation was steady but the deficit was rapidly growing.

2. What important aspect about the economic history of the country did the author fail to mention?
(a) The author failed to mention that our economic system depends on the success of the stock market.
(b) The author failed to mention that our economic system may have been fixed at one time and then broken again.
(c) The author failed to mention that our economic system is impossible to fix.
(d) The author failed to mention that our economic system depends on foreign investments.

3. How did unemployment impact the economic problems?
(a) High employment distracted people from looking for homes.
(b) High unemployment compounded this problem, forcing people into foreclosures and drying up the housing market.
(c) High employment made more homes available for sale.
(d) The Federal government was distracted from economic problems and focused their attention on the unemployed.

4. What resulted from the Mandrake Mechanism?
(a) The results of this system included social planning and tax relief.
(b) The results of this system included social planning and hidden taxation and currency devaluation.
(c) The results of this system included social planning and hidden taxation by means of deflation.
(d) The results of this system included social planning and hidden taxation by means of inflation.

5. The author made what sports analogy to describe the problems with the banking system?
(a) Using a football analogy, the problems with the banking system were presented in a fairly understandable way.
(b) Using a golf analogy, the problems with the banking system were presented in a fairly understandable way.
(c) Using a soccer analogy, the problems with the banking system were presented in a fairly understandable way.
(d) Using a baseball analogy, the problems with the banking system were presented in a fairly understandable way.