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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. The banking system before the Federal Reserve System allowed banks to lend out what percentage of money against one percent in deposits.
2. Why were S&Ls popular with those seeking loans in the 1980s?
3. Why did banks ask for interest-only payments?
4. During which president's administration were policies that were a hybrid of socialism and capitalism developed?
5. Why did banks offer debtors more credit?
Short Essay Questions
1. According to Chapter 1, what was the main purpose of the Federal Reserve System?
2. In Chapter 1, how is a "currency drain" defined?
3. According to Chapter 5, what was the relationship between the UN and the World Bank and IMF?
4. According to Chapter 4, what caused the Savings & Loan crisis of the 1980s?
5. In Chapter 2, why did banks make risky loans?
6. According to Chapter 3, the nationalization of banks is more likely to occur under conservative or liberal administrations?
7. According to Chapter 5, what US president abandoned the gold standard from the US dollar?
8. In Chapter 2, how did the banks make their money?
9. According to Chapter 4, when did Americans become interested in socialism?
10. According to Chapter 7, What can result when paper money is not backed with gold or silver?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss how monetary systems originated? What were the first commodities that were traded? What ancient culture was the first to establish a monetary system based on precious metals? What type of economic environment emerged from this system?
Essay Topic 2
When did the U.S. debt begin to increase at a tremendous rate? By what standard was the U.S. debt measured from that time on? What did some people feel was behind the enormous debt that was facing America?
Essay Topic 3
Describe and discuss the Mandrake Mechanism and its effect on an economy. Why was the system made to be complex?
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This section contains 871 words (approx. 3 pages at 300 words per page) |
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