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

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 C

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? Chapters 5-6 Nearer to the Heart's Desire; Building the New World Order.

Multiple Choice Questions

1. How does a currency drain occur within the banking system?
(a) A currency drain occurs when the government devalues the currency system.
(b) A currency drain occurs when foreign investors withdrawn their funds from US banks.
(c) A currency drain happened when many depositors wrote checks, and the receivers of the checks cashed them at another bank, thereby requiring more money from the first bank than it had on hand.
(d) A currency drain occurs when the Federal government demands repayment of loans.

2. What do many people feel was the real reason behind the establishment of the Federal Reserve?
(a) Many feel that the real reason for creating the Federal Reserve was to keep the rich from becoming too powerful.
(b) Many feel that the real reason for creating the Federal Reserve was to keep the middle class from failing.
(c) Many feel that the real reason for creating the Federal Reserve was to keep poor people from turning to crime.
(d) Many feel that the real reason for creating the Federal Reserve was to keep rich people in power.

3. How did unemployment impact the economic problems?
(a) High employment distracted people from looking for homes.
(b) High employment made more homes available for sale.
(c) High unemployment compounded this problem, forcing people into foreclosures and drying up the housing market.
(d) The Federal government was distracted from economic problems and focused their attention on the unemployed.

4. What economic group is hit the hardest by an inflation?
(a) Only the middle class is hurt by inflation.
(b) Inflation damages only the very poor in a society.
(c) Inflation has been a problem for the rich and poor alike, although it hit the chronically poor harder than anyone.
(d) Only the very wealthiest people are hurt by inflation.

5. What often occurs to a conspiracy theory when deceit is not used to strengthen their case?
(a) Without the use of evasive tactics, the conspiracy theories often fall apart in their early stages of development.
(b) Without using deceit, conspiracy theories usually stand on their own merit.
(c) Without using deceit, conspiracy theories are proven on the arena of public opinion.
(d) Without using deceit, conspiracy theories are often debated in a higher education venue.

Short Answer Questions

1. Why did banks make risky loans?

2. The banking system before the Federal Reserve System allowed banks to lend out what percentage of money against one percent in deposits.

3. The nationalization of banks has occurred during conservative or liberal administrations?

4. What new way of home ownership emerged in the 1980s?

5. What resulted after the first electronic run on banks in 1983?

(see the answer key)

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