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) The Federal Reserve was controlled by outside political interests that fostered fraud.
(b) 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.
(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. Why did governments favor banks based on a fiat money system?
(a) Governments liked the fiat money because it was a way of confiscating wealth from the rich and redistributing it to the poor.
(b) Governments liked the fiat money because it allowed them to raise taxes.
(c) Governments liked the fiat money because it was a way of confiscating wealth from the citizens without raising taxes.
(d) Governments liked the fiat money because it allowed them to hoard gold.

3. How did governments devalue currency in fiat money systems?
(a) This was accomplished by devaluing the currency through taxation..
(b) This was accomplished by devaluing the currency through use of the printing press.
(c) This was accomplished by devaluing the currency through legislation.
(d) This was accomplished by devaluing the currency through regulation.

4. What restrictions were placed on the Bank of Amsterdam which was established in 1609?
(a) In 1609 the Bank of Amsterdam was formed and restricted from making loans with its deposits.
(b) In 1609 the Bank of Amsterdam was formed and restricted from using over twenty percent of its revenues for loans.
(c) In 1609 the Bank of Amsterdam was formed and restricted from taking foreign deposits.
(d) In 1609 the Bank of Amsterdam was formed and restricted from making more loans than the deposits it received.

5. 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 the Nixon administration.
(b) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during the Truman 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 Franklin D. Roosevelt's administration.