1. In what year was First Pennsylvania Bank bailed out?
(a) First Pennsylvania Bank was bailed out in 1980.
(b) First Pennsylvania Bank was bailed out in 1972.
(c) First Pennsylvania Bank was bailed out in 1975.
(d) First Pennsylvania Bank was bailed out in 1973.

2. If the debtors stopped paying banks altogether, what action would the Federal Reserve System take?
(a) If the debtors stopped paying altogether, the Federal Reserve System gave the banks more money.
(b) If the debtors stopped paying altogether, the Federal Reserve System fined them.
(c) If the debtors stopped paying altogether, the Federal Reserve System filed suit in Federal Court.
(d) If the debtors stopped paying altogether, the Federal Reserve System refused to back the bad debt.

3. What new way of home ownership emerged in the 1980s?
(a) Condominiums became a new way to buy a home.
(b) A government sponsored home buyer's savings program was established.
(c) The government incentivized buyers to buy foreclosed upon homes.
(d) Housing co-ops became another way to buy a home.

4. When the entire banking system failed, what did the Federal government turn to to bolster the failed back up system?
(a) When the whole banking system collapsed, money from newly issued government bonds went into bolstering the failed system back up.
(b) When the whole banking system collapsed, foreign investments went into bolstering the failed system back up.
(c) When the whole banking system collapsed, taxpayer money went into bolstering the failed system back up.
(d) When the whole banking system collapsed, the debt ceiling was raised to bolster the failed system back up.

5. Who was the mastermind behind the Federal Reserve?
(a) Alexander Hamilton was the mastermind behind the Federal Reserve.
(b) Henry Kissinger was the mastermind behind the Federal Reserve.
(c) Paul Moritz Warburg was the mastermind behind the Federal Reserve.
(d) Thomas Jefferson was the mastermind behind the Federal Reserve.