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. What occurred when coinage was weakened through lower percentages of precious metal or completing stripped of such backing?
(a) Paper money was seen to be the superior monetary system when the coinage was debased through lower percentages of precious metal or none at all.
(b) Deflation resulted when the coinage was debased through lower percentages of precious metal or none at all.
(c) Stock market instability occurred when the coinage was debased through lower percentages of precious metal or none at all.
(d) Inflation and political turmoil occurred when the coinage was debased through lower percentages of precious metal or none at all.

2. How do conspiracy theorists strengthen their stands?
(a) Conspiracy theorists have often resorted to soft definitions and the misuse of quotations to strengthen their theories.
(b) Conspiracy theorists often write and publish books to make their cases.
(c) Conspiracy theorists have often write editorials to increase support for their ideas.
(d) Conspiracy theorists have often resorted to filing lawsuits to demonstrate their beliefs.

3. Why did all nations become socialistic in the New World Order?
(a) In the New World Order, all nations became socialistic through United Nations declaration.
(b) In the New World Order, all nations became socialistic through deficit loan practices.
(c) In the New World Order, all nations became socialistic as a result of the abandonment of the gold standard.
(d) In the New World Order, all nations became socialistic through the use of the IMF and direct loans from the industrialized nations to the undeveloped nations.

4. The author made what sports analogy to describe the problems with the banking system?
(a) Using a golf analogy, the problems with the banking system were presented in a fairly understandable way.
(b) Using a baseball analogy, the problems with the banking system were presented in a fairly understandable way.
(c) Using a soccer analogy, the problems with the banking system were presented in a fairly understandable way.
(d) Using a football analogy, the problems with the banking system were presented in a fairly understandable way.

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