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

Multiple Choice Questions

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

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

3. What are the two most common metals used as a medium of exchange?
(a) Gold and silver.
(b) Gold and bronze.
(c) Gold and iron.
(d) Gold and tin.

4. Who is the author of the "Gold and Economic Freedom" chapter?
(a) Marcus Bludger.
(b) Alan Greenspan.
(c) Richard Fullerton.
(d) Theodore Huffington.

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

Short Answer Questions

1. According to Rand, capitalism is based on what?

2. The government established by the Founding Fathers is based on theories that began with whom?

3. What is one function of money?

4. What kind of rights, according to the author, is the American system of government based on?

5. According to the author, many less-developed countries feel ______ by capitalism.

(see the answer key)

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