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 major banks failed in 1972?
(a) First Bank of California and Wells Fargo Bank failed in 1972.
(b) In 1972, Bank of America and Citibank failed.
(c) In 1972, First Bank of Michigan and New York Bank both failed.
(d) Unity Bank fell in 1972, as did the Commonwealth Bank of Detroit.

2. After analysis, what was the real nature of the S&L system?
(a) The S&L system turned out to actually be criminal.
(b) The S&L system turned out to actually be operated by international interests.
(c) The S&L system turned out to actually be a cartel within a cartel.
(d) The S&L system turned out to actually be a scam.

3. 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 to file individual bankruptcies.
(d) Government regulations allowed S&Ls did not require them to repay their debtors in full.

4. 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 middle class from failing.
(b) Many feel that the real reason for creating the Federal Reserve was to keep poor people from turning to crime.
(c) Many feel that the real reason for creating the Federal Reserve was to keep the rich from becoming too powerful.
(d) Many feel that the real reason for creating the Federal Reserve was to keep rich people in power.

5. What is the main transport of both Amtrak and Conrail?
(a) Amtrak had been the passenger side of Penn Central, while Conrail had been the freight side.
(b) Amtrak operates as a commuter train while Conrail operates as a long-distance carrier.
(c) Amtrak is the main carrier for government cargo and Conrail is available to the general public.
(d) Amtrak had been the freight side of Penn Central, while Conrail had been the passenger side.