View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Section I. What Creature Is This? Chapter 4 Home Sweet Loan.

Multiple Choice Questions

1. What is the true function of the FDIC?
(a) The FDIC is another way to pay off banking mistakes through the taxpayer.
(b) The FDIC is another way to support the people who use banks.
(c) The FDIC is another way to demonstrate the strength of the economy.
(d) The FDIC is another way to pay off the debt of the taxpayer.

2. What is laudable about the author's work?
(a) The author had majored in international economics.
(b) The author did provide a convincing argument that our economic system had been broken at some time in the past.
(c) The author provided a clear and concise conservative viewpoint.
(d) The author provided a clear and concise liberal viewpoint.

3. During which president's administration were policies that were a hybrid of socialism and capitalism developed?
(a) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during the Truman administration.
(b) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during the Nixon administration.
(c) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during Franklin D. Roosevelt's administration.
(d) The American public's interest in socialism brought about policies that were a hybrid of socialism and capitalism during the Eisenhower administration.

4. What type of person was Paul Moritz Warburg?
(a) Paul Moritz Warburg was a mild-mannered, shy and sensitive man.
(b) Paul Moritz Warburg was an elitist who was not concerned with the concerns of the poor.
(c) Paul Moritz Warburg was a rude and greedy man.
(d) Paul Moritz Warburg was a stubborn man concerned only with the wealth of the upper class.

5. What caused the economy to get into such a state that the government was compelled to bail out banks?
(a) The American people were taking out too many home loans.
(b) The argument could be made that lax lending practices and overly speculative investments had forced the government to use tax dollars in the bailouts.
(c) The US Congress failed to pass legislation that would have boosted the economy.
(d) The International Monetary Fund had become dangerously unstable.

Short Answer Questions

1. Who does the Federal Reserve depend on to bail out the country in times of economic collapse?

2. The Federal Reserve System was designed to control what element of member banks?

3. What important aspect about the economic history of the country did the author fail to mention?

4. What new way of home ownership emerged in the 1980s?

5. This conspiracy theory about the Federal Reserve pointed the finger at the meeting on Jekyll Island that occurred in 1910.

(see the answer key)

This section contains 714 words (approx. 3 pages at 300 words per page) View a FREE sample