This quiz consists of 5 multiple choice and 5 short answer questions through Section III. The New Alchemy, Chapters 11-12 The Rothschild Formula; Sink the Lusitania!.

Multiple Choice Questions

1. What happened to many homeowners when the housing market bubble burst?
(a) Many homeowners had to take out second mortgages on their properties.
(b) Suddenly people owed more money on their properties than they were worth.
(c) Suddenly people owed more money on their properties than they did when they took out the loan.
(d) Many homeowners were forced into foreclosure.

2. What type of person was Paul Moritz Warburg?
(a) Paul Moritz Warburg was a rude and greedy man.
(b) Paul Moritz Warburg was a stubborn man concerned only with the wealth of the upper class.
(c) Paul Moritz Warburg was an elitist who was not concerned with the concerns of the poor.
(d) Paul Moritz Warburg was a mild-mannered, shy and sensitive man.

3. This conspiracy theory about the Federal Reserve pointed the finger at the meeting on Jekyll Island that occurred in 1910.
(a) The conspiracy theory surrounding the Federal Reserve was thought to be hatched at the 1910 Jekyll Island meeting.
(b) The conspiracy theory surrounding the Federal Reserve was thought to have originated during FDR's administration.
(c) The conspiracy theory surrounding the Federal Reserve was thought to have originated at the 1904 World's Fair.
(d) The conspiracy theory surrounding the Federal Reserve was thought to have originated during the Great Depression.

4. What is the status of a loan that is "underwater?"
(a) When a home loan is underwater, the homeowner owns more on the home than it is worth on the market.
(b) When a home loan is underwater, the homeowner is forced into bankruptcy.
(c) When a home loan is underwater, the homeowner must take out a second mortgage.
(d) When a home loan is underwater, the homeowner is forced into foreclosure by the lender.

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