1. What was the main cause of the economic meltdown in 2008?
(a) An unstable world economy was the main cause for the 2008 economic meltdown.
(b) The lack of Congressional legislation was the main cause for the 2008 economic meltdown.
(c) Toxic assets, also known as mortgages and loans were the main cause for the 2008 economic meltdown.
(d) The US deficit was the main cause for the 2008 economic meltdown.

2. Why did banks make risky loans?
(a) Banks are required by the Federal Reserve to make a certain percentage of risky loans.
(b) Banks did not thoroughly check out the risk factor of some borrowers.
(c) The banks had incentive in terms of high profits for granting mortgages to home buyers who would not be able to pay the loans off, but who might be able to make interest payments.
(d) The US Congress passed legislation that required banks to make ten percent of their loans to risky borrowers.

3. After analysis, what was the real nature of the S&L system?
(a) The S&L system turned out to actually be criminal.
(b) The S&L system turned out to actually be a scam.
(c) The S&L system turned out to actually be a cartel within a cartel.
(d) The S&L system turned out to actually be operated by international interests.

4. 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 tried to institute European standards which led to the perpetuation of fraud.
(d) The Federal Reserve was influenced by lobbyists who advocated fraudulent regulations.

5. The Federal Reserve System was designed to control what element of member banks?
(a) The Federal Reserve System was designed to control how much reserve cash any member bank had to keep on hand.
(b) The Federal Reserve System was designed to control how much reserve cash a bank can invest in its expansion.
(c) The Federal Reserve System was designed to control a bank's ability to make loans.
(d) The Federal Reserve System was designed to control a bank's cash flow.