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. Which European bank become the model for the Federal Reserve System?
(a) First Banc of France became the model for the Federal Reserve System
(b) The Bank of Madrid became the model for the Federal Reserve System.
(c) The Bank of England became the model for the Federal Reserve System.
(d) Bank One of Rome became the model for the Federal Reserve System.

2. What importance does political ideology have on the nationalization of banks?
(a) Political lobbyists for banks have great influence on their nationalization.
(b) The nationalization of banks is such a strong part of the overall economy that political ideology did not matter.
(c) The Congressional chairman of the Banking Committee influences support for nationalization.
(d) Liberal ideologues have the great influence on bank legislation.

3. Since its inception in 1910, the Federal Reserve had made what decisions about bank bailouts?
(a) Since its inception in 1910, the Federal Reserve had decided that medium-sized banks would get the majority of bailouts.
(b) Since its inception in 1910, the Federal Reserve had decided that large banks would get bailouts only if they could prove they had complied with all regulations.
(c) Since its inception in 1910, the Federal Reserve had decided that large banks would be the only banks to get bailouts.
(d) Since its inception in 1910, the Federal Reserve had decided that large banks would get bailouts, medium-sized banks would get some bailouts, and small banks would be left to fail or be acquired by larger banks.

4. Why was there skepticism about the author's analysis?
(a) The author was not considered an expert on the subject.
(b) The author was found to be a lobbyist for conservative causes.
(c) Doubt existed because the author's entire analysis was an exercise in historical analysis from subsequent events, which is by nature flawed due to the guesswork involved.
(d) The author refused to be questioned about his research.

5. What solid case did governments make for fiat monetary systems?
(a) As long as governments wanted ever more money for projects such as wars, building infrastructure and social programs, the governments would increase the budget deficit.
(b) As long as governments wanted ever more money for projects such as wars, building infrastructure and social programs, the governments would raise the debt ceiling.
(c) As long as governments wanted ever more money for projects such as wars, building infrastructure and social programs, the governments would increase the money supply.
(d) As long as governments wanted ever more money for projects such as wars, building infrastructure and social programs, the governments would increase taxes.