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Name: _________________________ | Period: ___________________ |
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. What redistribution of wealth occurred as a result of the establishment of the IMF and the World Bank?
(a) It was an effective means of redistributing wealth to the rich nations.
(b) It was an effective means of redistributing wealth from rich to poor nations.
(c) It was an effective means of redistributing wealth to the rich to the middle class.
(d) It was an effective means of redistributing wealth from the middle class to the rich.
2. What is the fundamental basis of capitalism?
(a) The main idea behind capitalism was making investments in foreign interests.
(b) The main idea behind capitalism was making money and hoarding cash.
(c) The main idea behind capitalism was investment and return on investment.
(d) The main idea behind capitalism was providing welfare to the less fortunate.
3. What did the author argue resulted from the establishment of the IMF and World Bank and the abandonment of the gold standard?
(a) The author maintained that these were further steps toward world socialism that resulted in mass murders, famine and economically destroyed countries.
(b) The author maintained that these were further steps toward world socialism that resulted in mass murders, famine and economically destroyed countries.
(c) The author maintained that these were further steps toward establishing the United Nations as the world's preeminent authority that resulted in mass murders, famine and economically destroyed countries.
(d) The author maintained that these were further steps toward a world dictatorship that resulted in mass murders, famine and economically destroyed countries.
4. What impact did the Greek currency system have on the economy?
(a) The Greek currency system led to a stable economy.
(b) The Greek currency system led to other cultures creating similar systems.
(c) The Greek currency system led to an unstable economy.
(d) The Greek currency system had no effect on the economy.
5. The nationalization of banks has occurred during conservative or liberal administrations?
(a) The nationalization of banks occurred when there is equal balance among all branches of government.
(b) The nationalization of banks occurred during conservative as well as liberal administrations.
(c) The nationalization of banks occurred during conservative administrations.
(d) The nationalization of banks occurred during liberal administrations.
Short Answer Questions
1. What does the FDIC stand for?
2. What was the main cause of the economic meltdown in 2008?
3. Why did banks offer debtors more credit?
4. What U.S. president removed the gold standard from the US dollar?
5. What organization ensures the nationalization of banks?
Short Essay Questions
1. In Chapter 2, what was the main cause of the economic meltdown in 2008?
2. According to Chapter 3, what was the result of the first electronic run on banks in 1983?
3. According to Chapter 4, what caused the Savings & Loan crisis of the 1980s?
4. In Chapter 2, how did the banks make their money?
5. In Chapter 3, what was the result of the 1970 Penn Central Railroad bailout?
6. In Chapter 2, why did banks make risky loans?
7. According to Chapter 1, what did over-lending by banks result in?
8. In Chapter 6, why did all nations, in the author's opinion, become socialistic in the New World Order?
9. According to Chapter 5, what US president abandoned the gold standard from the US dollar?
10. According to Chapter 5, what was the relationship between the UN and the World Bank and IMF?
This section contains 1,004 words (approx. 4 pages at 300 words per page) |
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