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. How did poor regulation contribute to the Savings and Loan crisis of the 1980s?
(a) Government regulations allowed S&Ls to claim assets that had no value, such as community good will toward them, and encouraged bad lending practices to increase home ownership.
(b) Government regulations allowed S&Ls to hoard money to increase their cash flow.
(c) Government regulations allowed S&Ls did not require them to repay their debtors in full.
(d) Government regulations allowed S&Ls to file individual bankruptcies.

2. Some tactics include cherry-picking examples while oversimplifying causes.
(a) One tactic is having others provide testimonials on their behalf.
(b) One tactic is to accuse others of lying about the facts.
(c) One tactic is cherry-picking examples while oversimplifying causes.
(d) One tactic is providing great detail about their causes.

3. How was the nationalization of banks justified?
(a) Nationalization was necessary for the nation's standing in the world.
(b) Nationalization was necessary for the banking industry.
(c) Nationalization was necessary for the public good.
(d) Nationalization was necessary for the IMF.

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

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