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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Who does the Federal Reserve depend on to bail out the country in times of economic collapse?
(a) The Federal Reserve turns to the banks to bail out the country in times of economic collapse.
(b) The Federal Reserve turns to Congress to bail out the country in times of economic collapse.
(c) The Federal Reserve turns to the taxpayer to bail out the country in times of economic collapse.
(d) The Federal Reserve turns to the foreign investors to bail out the country in times of economic collapse.

2. How open to questioning were the original participants of the 1910 meeting?
(a) Most of the participants at the 1910 meeting openly talked about the establishment of the Federal Reserve in interviews conducted years later.
(b) Only some of the participants at the 1910 meeting talked about the establishment of the Federal Reserve in interviews conducted years later.
(c) None of the participants at the 1910 meeting talked about the establishment of the Federal Reserve in interviews conducted years later.
(d) The participants at the 1910 meeting would only agree to talk about the establishment of the Federal Reserve with the New York Times.

3. The banking system before the Federal Reserve System allowed banks to lend out what percentage of money against one percent in deposits.
(a) The banking system before the Federal Reserve System allowed banks to lend out more money than they held in deposits, up to ninety-nine percent loaned out with only one percent in deposits.
(b) The banking system before the Federal Reserve System allowed banks to lend out more money than they held in deposits, up to fithy percent loaned out with only one percent in deposits.
(c) The banking system before the Federal Reserve System allowed banks to lend out more money than they held in deposits, up to sixty percent loaned out with only one percent in deposits.
(d) The banking system before the Federal Reserve System allowed banks to lend out more money than they held in deposits, up to twenty percent loaned out with only one percent in deposits.

4. What often occurs to a conspiracy theory when deceit is not used to strengthen their case?
(a) Without using deceit, conspiracy theories are often debated in a higher education venue.
(b) Without using deceit, conspiracy theories are proven on the arena of public opinion.
(c) Without the use of evasive tactics, the conspiracy theories often fall apart in their early stages of development.
(d) Without using deceit, conspiracy theories usually stand on their own merit.

5. During the history of the world, what types of things were first traded?
(a) During the history of money development, the first currency system was based on grain and livestock.
(b) During the history of money development, trade started out with bartering commodities, cows traded for grain and so on.
(c) During the history of money development, trade started out with a rudimentary currency system.
(d) During the history of money development, trade started out between neighboring communities.

Short Answer Questions

1. What generalization did the author make about conspiracy theorists?

2. What happened when a debtor defaulted on a loan?

3. What important aspect about the economic history of the country did the author fail to mention?

4. What happens when the Federal Reserve System prints new money?

5. Why did all nations become socialistic in the New World Order?

Short Essay Questions

1. In Chapter 2, how did the banks make their money?

2. In Chapter 7, what impact did the Greek currency system have on the economy?

3. According to Chapter 7, what culture was the first to create a currency system based on gold and silver?

4. In Chapter 6, why did all nations, in the author's opinion, become socialistic in the New World Order?

5. In Chapter 3, what is the first bailout that is covered in this book?

6. According to Chapter 4, when did Americans become interested in socialism?

7. In Chapter 1, how is a "public run" defined?

8. According to Chapter 7, What can result when paper money is not backed with gold or silver?

9. In Chapter 2, how did the author characterize the problems with the banking system?

10. According to Chapter 5, what was the relationship between the UN and the World Bank and IMF?

(see the answer keys)

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