1. Why was housing becoming difficult to obtain in the 1980s?
(a) Wages were not keeping up with inflation, which made housing harder to obtain.
(b) The construction industry was experiencing labor conflicts.
(c) The cost of housing was sky-rocketing.
(d) Congressional actions began to place restrictive regulations on house buying.

2. 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, taxpayer money went into bolstering the failed system back up.
(b) When the whole banking system collapsed, the debt ceiling was raised to bolster the failed system back up.
(c) When the whole banking system collapsed, foreign investments went into bolstering the failed system back up.
(d) When the whole banking system collapsed, money from newly issued government bonds went into bolstering the failed system back up.

3. Why was the "Federal Reserve System," so named?
(a) The "Federal Reserve System" was so named because its offices were not state run.
(b) The "Federal Reserve System" was so named so that people would have respect for it.
(c) The "Federal Reserve System" was so named so that people would know that it was part of the Federal government.
(d) The "Federal Reserve System" was so named so that people would think it was part of the Federal government.

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

5. What was the main argument in favor of nationalizing banks?
(a) The fundamental argument in favor of the nationalization was that the system had to be purged of risk-taking bank executives.
(b) The fundamental argument in favor of the nationalization was that a weak economy would recover more quickly.
(c) The fundamental argument in favor of the nationalization was that such bailouts would be allowed only once.
(d) The fundamental argument in favor of the nationalization was that the system was so broken that it simply could not be regulated enough to work without eventually nationalizing all banking and industry.