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. When were the International Monetary Fund and World Bank established?
(a) In 1944, the Bretton Woods Conference took place, out of which came the International Monetary Fund or IMF and World Bank
(b) The World Bank and International Monetary Fund were established in 1910 at Jekyll Island.
(c) The World Bank and International Monetary Fund were established in 1929 when the Stock Market crashed.
(d) The World Bank and International Monetary Fund were established during the Cold War.

2. What occurred when coinage was weakened through lower percentages of precious metal or completing stripped of such backing?
(a) Deflation resulted when the coinage was debased through lower percentages of precious metal or none at all.
(b) Paper money was seen to be the superior monetary system when the coinage was debased through lower percentages of precious metal or none at all.
(c) Stock market instability occurred when the coinage was debased through lower percentages of precious metal or none at all.
(d) Inflation and political turmoil occurred when the coinage was debased through lower percentages of precious metal or none at all.

3. What happened to many homeowners when the housing market bubble burst?
(a) Many homeowners were forced into foreclosure.
(b) Suddenly people owed more money on their properties than they were worth.
(c) Many homeowners had to take out second mortgages on their properties.
(d) Suddenly people owed more money on their properties than they did when they took out the loan.

4. What often occurs to a conspiracy theory when deceit is not used to strengthen their case?
(a) Without the use of evasive tactics, the conspiracy theories often fall apart in their early stages of development.
(b) Without using deceit, conspiracy theories are often debated in a higher education venue.
(c) Without using deceit, conspiracy theories are proven on the arena of public opinion.
(d) Without using deceit, conspiracy theories usually stand on their own merit.

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