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This quiz consists of 5 multiple choice and 5 short answer questions through Section I. What Creature Is This? Chapters 5-6 Nearer to the Heart's Desire; Building the New World Order.

Multiple Choice Questions

1. What is the true function of the FDIC?
(a) The FDIC is another way to pay off the debt of the taxpayer.
(b) The FDIC is another way to support the people who use banks.
(c) The FDIC is another way to pay off banking mistakes through the taxpayer.
(d) The FDIC is another way to demonstrate the strength of the economy.

2. The nationalization of banks has occurred during conservative or liberal administrations?
(a) The nationalization of banks occurred during conservative as well as liberal administrations.
(b) The nationalization of banks occurred when there is equal balance among all branches of government.
(c) The nationalization of banks occurred during liberal administrations.
(d) The nationalization of banks occurred during conservative administrations.

3. 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, money from newly issued government bonds went into bolstering the failed system back up.
(b) When the whole banking system collapsed, foreign investments went into bolstering the failed system back up.
(c) When the whole banking system collapsed, the debt ceiling was raised to bolster the failed system back up.
(d) When the whole banking system collapsed, taxpayer money went into bolstering the failed system back up.

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

5. Conspiracy theorists connected the potential of world socialism to what organization?
(a) This conspiracy theory encompassed the entire world by connecting the World Bank with socialism.
(b) This conspiracy theory encompassed the entire world by connecting the Federal Reserve with socialism.
(c) This conspiracy theory encompassed the entire world by connecting the United Nations with socialism.
(d) This conspiracy theory encompassed the entire world by connecting the IMF with socialism.

Short Answer Questions

1. How do conspiracy theorists strengthen their stands?

2. What caused the economy to get into such a state that the government was compelled to bail out banks?

3. What importance does political ideology have on the nationalization of banks?

4. What was the relationship between the World Bank and the IMF?

5. What was the main argument in favor of nationalizing banks?

(see the answer key)

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