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Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Section III. The New Alchemy, Chapters 13-15 Masquerade in Moscow; The Best Enemy Money Can Buy; The Lost Treasure Map.
Multiple Choice Questions
1. What financing was behind the second Russian revolution?
(a) The second Russian revolution was financed by England and France.
(b) The second Russian revolution was financed by Asian countries and the US.
(c) The second Russian revolution was financed by the Communist bloc.
(d) The second Russian revolution was financed by European countries and the US.
2. Why was platinum not used to back the monetary system?
(a) Platinum did not have the popular support of the public to become the standard for a monetary system.
(b) Not enough platinum occurred in the United States to be used as the standard for a monetary system.
(c) There were myths about platinum and many questioned its real value making it unacceptable to be used to be the standard for a monetary system.
(d) Platinum was too scarce to be used to be the standard for a monetary system.
3. What did the USSR implement instead of true Communism?
(a) The USSR never implemented true Communism but became a money-making machine for the secret money society that had turned into several branches called Round Tables.
(b) The USSR never implemented true Communism but became a money-making machine for the Axis powers.
(c) The USSR never implemented true Communism but became a money-making machine for the secret money society that was controlled by the United Nations.
(d) The USSR never implemented true Communism but became a money-making machine for those trying to establish a quasi-capitalist system of government.
4. How is the Federal Reserve System reviewed in general?
(a) The Federal Reserve System had become the lender of last resort.
(b) The Federal Reserve System had become the nation's first source of lending.
(c) The Federal Reserve System had become known to have the strictest lending standards.
(d) The Federal Reserve System had become the economic leader of the country.
5. What restricted the the states from using fiat money?
(a) The Constitution specifically restricted the use of fiat money by the states.
(b) The Federal Reserve specifically restricted the use of fiat money by the states.
(c) The US Congress specifically restricted the use of fiat money by the states.
(d) The International Monetary Fund specifically restricted the use of fiat money by the states.
Short Answer Questions
1. What major banks failed in 1972?
2. During the history of the world, what types of things were first traded?
3. What did the issuance of the first paper money lead to?
4. What happened to many homeowners when the housing market bubble burst?
5. What is the main transport of both Amtrak and Conrail?
This section contains 651 words (approx. 3 pages at 300 words per page) |
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