1. How open to questioning were the original participants of the 1910 meeting?
(a) None of the participants at the 1910 meeting talked about the establishment of the Federal Reserve in interviews conducted years later.
(b) Only some of the participants at the 1910 meeting talked about the establishment of the Federal Reserve in interviews conducted years later.
(c) Most of the participants at the 1910 meeting openly talked about the establishment of the Federal Reserve in interviews conducted years later.
(d) The participants at the 1910 meeting would only agree to talk about the establishment of the Federal Reserve with the New York Times.

2. What action was taken by the Federal Reserve during the 1980s S&L crisis?
(a) The Federal Reserve System usurped the powers of Congress and forgave the S&Ls their debts.
(b) The Federal Reserve System usurped the powers of Congress and declared that the S&Ls had the same rights as banks.
(c) The Federal Reserve System usurped the powers of Congress and began crafting legislation to bail out the S&Ls.
(d) The Federal Reserve System usurped the powers of Congress and started handing out money directly to the S&Ls as well.

3. The author made what sports analogy to describe the problems with the banking system?
(a) Using a baseball analogy, the problems with the banking system were presented in a fairly understandable way.
(b) Using a football analogy, the problems with the banking system were presented in a fairly understandable way.
(c) Using a soccer analogy, the problems with the banking system were presented in a fairly understandable way.
(d) Using a golf analogy, the problems with the banking system were presented in a fairly understandable way.

4. What do many people feel was the real reason behind the establishment of the Federal Reserve?
(a) Many feel that the real reason for creating the Federal Reserve was to keep the rich from becoming too powerful.
(b) Many feel that the real reason for creating the Federal Reserve was to keep rich people in power.
(c) Many feel that the real reason for creating the Federal Reserve was to keep the middle class from failing.
(d) Many feel that the real reason for creating the Federal Reserve was to keep poor people from turning to crime.

5. In what year was the concept of the Federal Reserve first developed?
(a) The concept of the Federal Reserve was developed in 1910?
(b) The concept of the Federal Reserve was developed in 1966.
(c) The concept of the Federal Reserve was developed in 1952.
(d) The concept of the Federal Reserve was developed in 1920.