This quiz consists of 5 multiple choice and 5 short answer questions through Section IV. A Tale of Three Banks, Chapters 16-19 The Creature Comes to America; A Den of Vipers; Loaves and Fishes, and Civil War; Greenbacks and Other Crimes.

Multiple Choice Questions

1. What was one of the strongest arguments in favor of bank regulation versus nationalization?
(a) An argument in favor of regulation was that it would purge the system of fraud and abuse.
(b) An argument in favor of regulation was that it would cause less unemployment.
(c) An argument in favor of regulation was that, when properly administered, it had worked from the time of Franklin D. Roosevelt (President of the US from 1933 to 1945) to 1970.
(d) An argument in favor of regulation was that the American people felt uncomfortable with nationalization.

2. Since its inception in 1910, the Federal Reserve had made what decisions about bank bailouts?
(a) Since its inception in 1910, the Federal Reserve had decided that large banks would get bailouts only if they could prove they had complied with all regulations.
(b) Since its inception in 1910, the Federal Reserve had decided that large banks would be the only banks to get bailouts.
(c) Since its inception in 1910, the Federal Reserve had decided that medium-sized banks would get the majority of bailouts.
(d) Since its inception in 1910, the Federal Reserve had decided that large banks would get bailouts, medium-sized banks would get some bailouts, and small banks would be left to fail or be acquired by larger banks.

3. What did the U.S. government do to support banks?
(a) The U.S. government guaranteed depositor money through private insurance companies.
(b) The U.S. government guaranteed depositor money through Congress.
(c) The U.S. government guaranteed depositor money through the FDIC.
(d) The U.S. government forgave the debot of failing banks.

4. What is the main transport of both Amtrak and Conrail?
(a) Amtrak operates as a commuter train while Conrail operates as a long-distance carrier.
(b) Amtrak had been the freight side of Penn Central, while Conrail had been the passenger side.
(c) Amtrak had been the passenger side of Penn Central, while Conrail had been the freight side.
(d) Amtrak is the main carrier for government cargo and Conrail is available to the general public.

5. What unreasonable conclusion does the author make about the IMF and World Bank?
(a) The IMF and World Bank are corrupt organizations.
(b) The IMF and World Bank are operated by those with anti-American views.
(c) Nothing the IMF or World Bank has done worked out successfully.
(d) The IMF and World Bank are run by political operatives.