1. If the debtors stopped paying banks altogether, what action would the Federal Reserve System take?
(a) If the debtors stopped paying altogether, the Federal Reserve System refused to back the bad debt.
(b) If the debtors stopped paying altogether, the Federal Reserve System filed suit in Federal Court.
(c) If the debtors stopped paying altogether, the Federal Reserve System fined them.
(d) If the debtors stopped paying altogether, the Federal Reserve System gave the banks more money.

2. How did the Federal Reserve System accomplish the nationalization of banks?
(a) The politics of the Federal Reserve System became new and inventive ways to justify the nationalization of banks through the use of bailouts.
(b) The politics of the Federal Reserve System became new and inventive ways to justify the nationalization of banks through the use of short-term loans.
(c) The politics of the Federal Reserve System became new and inventive ways to justify the nationalization of banks through the use of new legislation.
(d) The politics of the Federal Reserve System became new and inventive ways to justify the nationalization of banks through the use of risky loans.

3. What historic reference is contained in this chapter?
(a) A history of the laws regulating the economy is contained in this chapter.
(b) A history of legislation regarding the Federal Reserve is contained in this section.
(c) A history of bailouts was outlined in this chapter, starting in 1970 with Penn Central Railroad.
(d) A history of the Federal Reserve chairmain is contained in this section.

4. This conspiracy theory about the Federal Reserve pointed the finger at the meeting on Jekyll Island that occurred in 1910.
(a) The conspiracy theory surrounding the Federal Reserve was thought to have originated during the Great Depression.
(b) The conspiracy theory surrounding the Federal Reserve was thought to have originated at the 1904 World's Fair.
(c) The conspiracy theory surrounding the Federal Reserve was thought to have originated during FDR's administration.
(d) The conspiracy theory surrounding the Federal Reserve was thought to be hatched at the 1910 Jekyll Island meeting.

5. The author made what sports analogy to describe the problems with the banking system?
(a) Using a baseball analogy, the problems with the banking system were presented in a fairly understandable way.
(b) Using a soccer analogy, the problems with the banking system were presented in a fairly understandable way.
(c) Using a football analogy, the problems with the banking system were presented in a fairly understandable way.
(d) Using a golf analogy, the problems with the banking system were presented in a fairly understandable way.