The Creature from Jekyll Island: A Second Look at the Federal Reserve Quiz | Eight Week Quiz B

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.

The Creature from Jekyll Island: A Second Look at the Federal Reserve Quiz | Eight Week Quiz B

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.
Buy The Creature from Jekyll Island: A Second Look at the Federal Reserve Lesson Plans
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This quiz consists of 5 multiple choice and 5 short answer questions through Section I. What Creature Is This? Chapter 3 Protectors of the Public.

Multiple Choice Questions

1. What importance does political ideology have on the nationalization of banks?
(a) The nationalization of banks is such a strong part of the overall economy that political ideology did not matter.
(b) The Congressional chairman of the Banking Committee influences support for nationalization.
(c) Liberal ideologues have the great influence on bank legislation.
(d) Political lobbyists for banks have great influence on their nationalization.

2. 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 the FDIC.
(c) The U.S. government forgave the debot of failing banks.
(d) The U.S. government guaranteed depositor money through Congress.

3. What organization ensures the nationalization of banks?
(a) As long as the Congressional Banking Committee existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.
(b) As long as the FDIC existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.
(c) As long as the Federal Reserve System existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.
(d) As long as the International Monetary Fund existed, it would continue nationalizing banks and perhaps other industries as they fell into financial difficulties.

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

5. Why was the "Federal Reserve System," so named?
(a) The "Federal Reserve System" was so named so that people would think it was part of the Federal government.
(b) The "Federal Reserve System" was so named so that people would know that it was part of the Federal government.
(c) The "Federal Reserve System" was so named so that people would have respect for it.
(d) The "Federal Reserve System" was so named because its offices were not state run.

Short Answer Questions

1. Why did banks offer debtors more credit?

2. Why did banks ask for interest-only payments?

3. What was the location of the meeting where the concept of the Federal Reserve was developed?

4. What is the main transport of both Amtrak and Conrail?

5. Since its inception in 1910, the Federal Reserve had made what decisions about bank bailouts?

(see the answer key)

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