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. How is the Federal Reserve System reviewed in general?
(a) The Federal Reserve System had become the lender of last resort.
(b) The Federal Reserve System had become the economic leader of the country.
(c) The Federal Reserve System had become known to have the strictest lending standards.
(d) The Federal Reserve System had become the nation's first source of lending.

2. What is a fractional money system?
(a) A fractional money system is one in which paper money was initially backed by gold but was later diluted with the backing of silver.
(b) A fractional money system is one in which paper money was initially backed by gold but was later diluted when the gold was invested in foreign interests.
(c) A fractional money system is one in which paper money was initially backed by gold but was later diluted when the gold was devalued.
(d) A fractional money system is one in which paper money was initially backed by gold but was later diluted as more paper money was printed.

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

4. 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 the Great Depression.
(c) The conspiracy theory surrounding the Federal Reserve was thought to have originated during FDR's administration.
(d) The conspiracy theory surrounding the Federal Reserve was thought to have originated at the 1904 World's Fair.

5. 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) After LBJ's Great Society was enacted, the American public became interested in socialism as an alternative to capitalism.
(c) During the Great Depression of the 1930s, 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.