1. What resulted from the 1970 Penn Central Railroad bailout?
(a) The 1970 Penn Central Railroad bailout resulted in government-owned Amtrak and privately owned Conrail.
(b) Travel in the US decreased as a result of the bailout.
(c) Air traffic increased after the bailout.
(d) More roads were built by the government as a result of the bailout.

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 began crafting legislation to bail out the S&Ls.
(b) The Federal Reserve System usurped the powers of Congress and forgave the S&Ls their debts.
(c) The Federal Reserve System usurped the powers of Congress and declared that the S&Ls had the same rights as banks.
(d) The Federal Reserve System usurped the powers of Congress and started handing out money directly to the S&Ls as well.

3. What does the FDIC stand for?
(a) The FDIC stands for The Federal Debt Issuers Company.
(b) The FDIC stands for The Federal Deposit Insurance Corporation.
(c) The FDIC stands for The First Depositor's Insurance Corporation.
(d) The FDIC stands for The First Debt Institute of Connneticut.

4. How was some property converted for home ownership during the 1980s?
(a) Some storefront small business buildings were converted to property that was sold for private homes.
(b) Trailer parks were developed as suburban subdivisions.
(c) Less expensive condominiums that often times had been rental apartments became another way. Rent-to-buy deals popped into the market.
(d) In some towns, student housing was converted to property that was sold to homeowners.

5. What was the location of the meeting where the concept of the Federal Reserve was developed?
(a) The concept of the Federal Reserve was developed on Long Island.
(b) The concept of the Federal Reserve was developed on Jekyll Island.
(c) The concept of the Federal Reserve was developed in the Hawaiin Islands.
(d) The concept of the Federal Reserve was developed on Alcatraz Island.