View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through The Obliteration of Capitalism.

Multiple Choice Questions

1. Who does Algeria fight for independence?
(a) Germany.
(b) Spain.
(c) France.
(d) Britain.

2. To function as a medium of exchange, an item must be durable and what?
(a) Scarce.
(b) Sturdy.
(c) Common.
(d) Plentiful.

3. What, according to the author, does the gold standard facilitate?
(a) Trade and production.
(b) Trade and growth.
(c) Growth and sales.
(d) Production and sales.

4. What is the goal of the creation of the Federal Reserve System?
(a) To ease temporary reserve shortages.
(b) To create a spending account for the military.
(c) To limit the amount of currency in circulation.
(d) To create a national savings account.

5. Among those countries of the world that have had fascist dictatorships, a favorable opinion of _______ is found.
(a) Monarchism.
(b) Capitalism.
(c) Oligarchism.
(d) Socialism.

Short Answer Questions

1. The Federal Reserve System was created when the government thought that what was happening?

2. What is one function of money?

3. Who is the author of the "Gold and Economic Freedom" chapter?

4. What are the two most common metals used as a medium of exchange?

5. The author believes that capitalism cannot function with what?

(see the answer key)

This section contains 219 words (approx. 1 page at 300 words per page) View a FREE sample