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. Why has bank fraud never been eliminated?
(a) Financial experts were taught that the way banking worked in the US was the only way it could work, and so the fraud kept on going.
(b) The Federal Reserve was controlled by outside political interests that fostered fraud.
(c) The Federal Reserve was influenced by lobbyists who advocated fraudulent regulations.
(d) The Federal Reserve tried to institute European standards which led to the perpetuation of fraud.

2. What is laudable about the author's work?
(a) The author had majored in international economics.
(b) The author provided a clear and concise conservative viewpoint.
(c) The author did provide a convincing argument that our economic system had been broken at some time in the past.
(d) The author provided a clear and concise liberal viewpoint.

3. What was the main argument in favor of nationalizing banks?
(a) The fundamental argument in favor of the nationalization was that such bailouts would be allowed only once.
(b) The fundamental argument in favor of the nationalization was that the system had to be purged of risk-taking bank executives.
(c) The fundamental argument in favor of the nationalization was that a weak economy would recover more quickly.
(d) The fundamental argument in favor of the nationalization was that the system was so broken that it simply could not be regulated enough to work without eventually nationalizing all banking and industry.

4. What city became a major part of the welfare state in 1975?
(a) New York City became a major part of the welfare state in 1975 via Federal government bailouts.
(b) Chicago became a major part of the welfare state in 1975 via Federal government bailouts.
(c) Atlanta became a major part of the welfare state in 1975 via Federal government bailouts.
(d) Los Angeles became a major part of the welfare state in 1975 via Federal government bailouts.

5. After analysis, what was the real nature of the S&L system?
(a) The S&L system turned out to actually be a cartel within a cartel.
(b) The S&L system turned out to actually be operated by international interests.
(c) The S&L system turned out to actually be a scam.
(d) The S&L system turned out to actually be criminal.