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 do many people feel was the real reason behind the establishment of the Federal Reserve?
(a) Many feel that the real reason for creating the Federal Reserve was to keep the rich from becoming too powerful.
(b) Many feel that the real reason for creating the Federal Reserve was to keep the middle class from failing.
(c) Many feel that the real reason for creating the Federal Reserve was to keep poor people from turning to crime.
(d) Many feel that the real reason for creating the Federal Reserve was to keep rich people in power.

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

3. 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 Venice was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(c) The city-state of Athens was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.
(d) The city-state of Sparta was considered to have started banking as known today by establishing the Banco della Piazza del Rialto in 1584.

4. What new way of home ownership emerged in the 1980s?
(a) A government sponsored home buyer's savings program was established.
(b) The government incentivized buyers to buy foreclosed upon homes.
(c) Housing co-ops became another way to buy a home.
(d) Condominiums became a new way to buy a home.

5. What disagreement did Alexander Hamilton and Thomas Jefferson have about a central bank?
(a) Alexander Hamilton favored a central bank and Thomas Jefferson was against it.
(b) Thomas Jefferson favored a central bank and Alexander Hamilton was against it.
(c) Alexander Hamilton favored a powerful central bank and Thomas Jefferson was for limited powers.
(d) Alexander Hamilton wanted a limited central bank and Thomas Jefferson wanted its authority to be more far-reaching.