1. In what year was First Pennsylvania Bank bailed out?
(a) First Pennsylvania Bank was bailed out in 1975.
(b) First Pennsylvania Bank was bailed out in 1972.
(c) First Pennsylvania Bank was bailed out in 1973.
(d) First Pennsylvania Bank was bailed out in 1980.

2. Since its inception in 1910, the Federal Reserve had made what decisions about bank bailouts?
(a) Since its inception in 1910, the Federal Reserve had decided that large banks would be the only banks to get bailouts.
(b) Since its inception in 1910, the Federal Reserve had decided that large banks would get bailouts, medium-sized banks would get some bailouts, and small banks would be left to fail or be acquired by larger banks.
(c) Since its inception in 1910, the Federal Reserve had decided that large banks would get bailouts only if they could prove they had complied with all regulations.
(d) Since its inception in 1910, the Federal Reserve had decided that medium-sized banks would get the majority of bailouts.

3. Why did banks ask for interest-only payments?
(a) The bank would arrange for interest payments only to keep the profits coming in.
(b) The bank would arrange for interest payments only to keep the loan viable.
(c) The bank would arrange for interest payments only so that their customers could keep a good credit rating>
(d) The bank would arrange for interest payments only to take the burden off the customer.

4. What has caused the economy's boom-bust cycle?
(a) The economy's boom-bust cycle is caused from people hoarding cash.
(b) The economy's boom-bust cycle is caused by the instability of the International Monetary Fund.
(c) The economy's boom-bust cycle is caused from trade deficits.
(d) The Federal Reserve's advertised purpose was to stabilize the economy, but depressions and recessions have resulted instead in a boom-bust cycle.

5. When did the American public become interested in socialism as an alternative to capitalism?
(a) During the Great Depression of the 1930s, the American public became interested in socialism as an alternative to capitalism.
(b) During the Cold War, the American public became interested in socialism as an alternative to capitalism.
(c) After World War II, the American public became interested in socialism as an alternative to capitalism.
(d) After LBJ's Great Society was enacted, the American public became interested in socialism as an alternative to capitalism.