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. 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 Truman administration.
(c) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during the Nixon administration.
(d) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during the Eisenhower administration.

2. What does the FDIC stand for?
(a) The FDIC stands for The First Debt Institute of Connneticut.
(b) The FDIC stands for The Federal Deposit Insurance Corporation.
(c) The FDIC stands for The Federal Debt Issuers Company.
(d) The FDIC stands for The First Depositor's Insurance Corporation.

3. What was one of the strongest arguments in favor of bank regulation versus nationalization?
(a) An argument in favor of regulation was that, when properly administered, it had worked from the time of Franklin D. Roosevelt (President of the US from 1933 to 1945) to 1970.
(b) An argument in favor of regulation was that it would cause less unemployment.
(c) An argument in favor of regulation was that the American people felt uncomfortable with nationalization.
(d) An argument in favor of regulation was that it would purge the system of fraud and abuse.

4. What culture first developed the modern equivalent of the banking industry?
(a) The city-state of Rome was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(b) The city-state of Athens was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(c) The city-state of Venice was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(d) The city-state of Sparta was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.

5. What monetary system did the Constitution of the newly formed United States require?
(a) When the United States was formed, the Constitution required that all precious metal be in the control of the government.
(b) When the United States was formed, the Constitution required gold-backed money.
(c) When the United States was formed, the Constitution required a paper currency system.
(d) When the United States was formed, the Constitution required a fractional money system.