This quiz consists of 5 multiple choice and 5 short answer questions through Section I. What Creature Is This? Chapter 2 The Name of the Game Is Bailout.

Multiple Choice Questions

1. In what year was the concept of the Federal Reserve first developed?
(a) The concept of the Federal Reserve was developed in 1920.
(b) The concept of the Federal Reserve was developed in 1910?
(c) The concept of the Federal Reserve was developed in 1966.
(d) The concept of the Federal Reserve was developed in 1952.

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

3. What is the definition of a public run on a bank?
(a) A public run occurs when a bank runs out of cash.
(b) A public run occurs when the Federal government takes ownership of a bank.
(c) A public run was when many depositors demanded their cash from a bank and wiped out the bank's reserves.
(d) A public run is when the government puts a bank up for sale.

4. Many people feel that the economic system has been rigged to favor what group of people?
(a) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the rich by stealing from the poor and middle classes.
(b) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the rich by stealing from the government revenues.
(c) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the poor by stealing from the rich and middle classes.
(d) People have realized, at least a little bit, that our economic system had been rigged somewhere in the past to favor the middle classes by stealing from the rich and poor classes.

5. When the entire banking system failed, what did the Federal government turn to to bolster the failed back up system?
(a) When the whole banking system collapsed, foreign investments went into bolstering the failed system back up.
(b) When the whole banking system collapsed, the debt ceiling was raised to bolster the failed system back up.
(c) When the whole banking system collapsed, money from newly issued government bonds went into bolstering the failed system back up.
(d) When the whole banking system collapsed, taxpayer money went into bolstering the failed system back up.