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

2. What culture first developed the modern equivalent of the banking industry?
(a) The city-state of Rome was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(b) The city-state of Sparta was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(c) The city-state of Venice was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(d) The city-state of Athens was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.

3. How is the Federal Reserve System reviewed in general?
(a) The Federal Reserve System had become the economic leader of the country.
(b) The Federal Reserve System had become the nation's first source of lending.
(c) The Federal Reserve System had become the lender of last resort.
(d) The Federal Reserve System had become known to have the strictest lending standards.

4. What were the results of the Russian revolutions?
(a) The first revolution brought in a somewhat democratic government, while the second brought in an oligarchy.
(b) The first revolution brought in a monarchy, while the second brought in a tyrannical government.
(c) The first revolution brought in a somewhat democratic government, while the second brought in a a somewhat democratic government.
(d) The first revolution brought in a a somewhat democratic government, while the second brought in a a somewhat democratic government.

5. How did the New World Order develop?
(a) The New World Order was an outgrowth of the international events that led to the defeat of the Axis powers in World War II.
(b) The New World Order was an outgrowth of the international events that led up to the fall of Communism, specifically the dissolution of the USSR.
(c) The New World Order was an outgrowth of the international events that led up to the Great Depression of 1929.
(d) The New World Order was an outgrowth of the international events that led up to the fall of Nazism, specifically the defeat of Nazi Germany.