This quiz consists of 5 multiple choice and 5 short answer questions through Section VI. Time Travel into the Future, Chapters 24-26 Doomsday Mechanisms; A Pessimistic Scenario; A Realistic Scenario.

Multiple Choice Questions

1. What is the basic structure of the U.S. monetary system?
(a) The monetary system in the U.S. was constructed for debt to be necessary in order for the money supply to remain in existence.
(b) The monetary system in the U.S. was constructed for debt to be necessary in order for the Congress to pass tax increases.
(c) The monetary system in the U.S. was constructed for debt to be necessary in order for the economy to flourish.
(d) The monetary system in the U.S. was constructed for debt to be necessary in order for Federal Reserve to remain in control of monetary concerns.

2. What were the sales of English and French war bonds used for?
(a) Most of the money from the sales of the war bonds were spent on Russian artillery.
(b) Most of the money from the sales of the war bonds were spent on uniforms and supplies for the soldiers.
(c) Most of the money from the sales of the war bonds were spent on German war materials.
(d) Most of the money from the sales of the war bonds were spent on American war materials.

3. What did the USSR implement instead of true Communism?
(a) The USSR never implemented true Communism but became a money-making machine for the secret money society that was controlled by the United Nations.
(b) The USSR never implemented true Communism but became a money-making machine for those trying to establish a quasi-capitalist system of government.
(c) The USSR never implemented true Communism but became a money-making machine for the Axis powers.
(d) The USSR never implemented true Communism but became a money-making machine for the secret money society that had turned into several branches called Round Tables.

4. After the 1950s, what was the standard of measure used to estimate the US debt?
(a) The debt was measured in millions of dollars.
(b) The debt was measured in trillions of dollars.
(c) The debt was measured by the gold standard.
(d) The debt was measured in zillions of dollars.

5. Why did banks offer debtors more credit?
(a) Banks offered more credit to debtors to help improve their credit rating.
(b) Banks offered more credit to debtors to so they could increase their purchasing power.
(c) Banks offered more credit to debtors to help them purchase homes.
(d) Banks offered more credit to debtors to increase interest payments to the them.