1. How did many people feel about those who went too far into debt?
(a) Many argued that those in deep debt should be forgiven much of their dept because of the reclining economy.
(b) Many felt that people who were in debt had been encouraged to do so by political figures.
(c) Many argued that people who went too far into debt had done this on their own--nobody had forced people into the mortgages or credit cards.
(d) Many felt that the nation had been taught to rely too much on credit.

2. What did the Federal Reserve System help banks to do?
(a) The Federal Reserve helped banks to stay in operation.
(b) The Federal Reserve helped banks keep a healthy cash flow.
(c) The Federal Reserve helped banks keep individuals, businesses and entire countries perpetually in debt and working mostly for the banks.
(d) The Federal Reserve helped banks by making special laws for them.

3. 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 refused to back the bad debt.
(b) If the debtors stopped paying altogether, the Federal Reserve System gave the banks more money.
(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 fined them.

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

5. What organization ensures the nationalization of banks?
(a) As long as the FDIC existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.
(b) As long as the Congressional Banking Committee existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.
(c) As long as the International Monetary Fund existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.
(d) As long as the Federal Reserve System existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.