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 happened when Congress stepped in during the S&L crisis?
(a) When Congress did step in, it forced the S&Ls to sell off all their junk bond holdings.
(b) When Congress did step in, it forced the S&Ls to refund depositors at fifty percent.
(c) When Congress did step in, it forced the S&Ls to sell all their assets.
(d) When Congress did step in, it forced the S&Ls to make their holdings public.

2. During which president's administration were policies that were a hybrid of socialism and capitalism developed?
(a) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during Franklin D. Roosevelt's administration.
(b) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during the Nixon administration.
(c) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during the Eisenhower administration.
(d) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during the Truman administration.

3. When did governmental typically find it necessary to print more paper money?
(a) Governments simply printed more money when needed, usually during political unrest.
(b) Governments simply printed more money when needed, usually during economic downturns.
(c) Governments simply printed more money when needed, usually during times of war.
(d) Governments simply printed more money when needed, usually during legislative battles.

4. What impacted housing prices in the Midwest states?
(a) House prices declined because homeowners due to the region's lack of good school systems.
(b) Housing prices declined because of poor construction standards in the area.
(c) The Rust Belt area of the country was not considered a desirable place in which to live.
(d) The depression in the rust belt that included northern Midwestern states such as Michigan, Ohio and Pennsylvania reduced the number of potential home buyers which in turn depressed housing prices in those areas.

5. What is the status of a loan that is "underwater?"
(a) When a home loan is underwater, the homeowner must take out a second mortgage.
(b) When a home loan is underwater, the homeowner is forced into foreclosure by the lender.
(c) When a home loan is underwater, the homeowner owns more on the home than it is worth on the market.
(d) When a home loan is underwater, the homeowner is forced into bankruptcy.