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 was the main cause of the economic meltdown in 2008?
(a) An unstable world economy was the main cause for the 2008 economic meltdown.
(b) The US deficit was the main cause for the 2008 economic meltdown.
(c) Toxic assets, also known as mortgages and loans were the main cause for the 2008 economic meltdown.
(d) The lack of Congressional legislation was the main cause for the 2008 economic meltdown.

2. When were the International Monetary Fund and World Bank established?
(a) In 1944, the Bretton Woods Conference took place, out of which came the International Monetary Fund or IMF and World Bank
(b) The World Bank and International Monetary Fund were established during the Cold War.
(c) The World Bank and International Monetary Fund were established in 1910 at Jekyll Island.
(d) The World Bank and International Monetary Fund were established in 1929 when the Stock Market crashed.

3. Why did banks ask for interest-only payments?
(a) The bank would arrange for interest payments only to keep the profits coming in.
(b) The bank would arrange for interest payments only so that their customers could keep a good credit rating>
(c) The bank would arrange for interest payments only to take the burden off the customer.
(d) The bank would arrange for interest payments only to keep the loan viable.

4. When did the American public become interested in socialism as an alternative to capitalism?
(a) During the Cold War, the American public became interested in socialism as an alternative to capitalism.
(b) During the Great Depression of the 1930s, the American public became interested in socialism as an alternative to capitalism.
(c) After LBJ's Great Society was enacted, the American public became interested in socialism as an alternative to capitalism.
(d) After World War II, the American public became interested in socialism as an alternative to capitalism.

5. The Federal Reserve System was designed to control what element of member banks?
(a) The Federal Reserve System was designed to control how much reserve cash any member bank had to keep on hand.
(b) The Federal Reserve System was designed to control a bank's ability to make loans.
(c) The Federal Reserve System was designed to control how much reserve cash a bank can invest in its expansion.
(d) The Federal Reserve System was designed to control a bank's cash flow.