This quiz consists of 5 multiple choice and 5 short answer questions through Section II. A Crash Course on Money, Chapters 7-8 The Barbaric Metal; Fool's Gold.

Multiple Choice Questions

1. Who was the mastermind behind the Federal Reserve?
(a) Henry Kissinger was the mastermind behind the Federal Reserve.
(b) Thomas Jefferson was the mastermind behind the Federal Reserve.
(c) Alexander Hamilton was the mastermind behind the Federal Reserve.
(d) Paul Moritz Warburg was the mastermind behind the Federal Reserve.

2. What was the location of the meeting where the concept of the Federal Reserve was developed?
(a) The concept of the Federal Reserve was developed in the Hawaiin Islands.
(b) The concept of the Federal Reserve was developed on Jekyll Island.
(c) The concept of the Federal Reserve was developed on Alcatraz Island.
(d) The concept of the Federal Reserve was developed on Long Island.

3. What is the fundamental basis of capitalism?
(a) The main idea behind capitalism was providing welfare to the less fortunate.
(b) The main idea behind capitalism was investment and return on investment.
(c) The main idea behind capitalism was making investments in foreign interests.
(d) The main idea behind capitalism was making money and hoarding cash.

4. What events cause deflation?
(a) Deflation occurs when prices suddenly tumble.
(b) Deflation occurs when the stock market suddenly tumble.
(c) Deflation occurs when the government takes steps against inflationary signals.
(d) Deflation occurs when prices suddenly increase.

5. Why was there skepticism about the author's analysis?
(a) The author was found to be a lobbyist for conservative causes.
(b) The author refused to be questioned about his research.
(c) The author was not considered an expert on the subject.
(d) Doubt existed because the author's entire analysis was an exercise in historical analysis from subsequent events, which is by nature flawed due to the guesswork involved.