The Creature from Jekyll Island: A Second Look at the Federal Reserve Quiz | Eight Week Quiz D

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.

The Creature from Jekyll Island: A Second Look at the Federal Reserve Quiz | Eight Week Quiz D

G. Edward Griffin
This set of Lesson Plans consists of approximately 218 pages of tests, essay questions, lessons, and other teaching materials.
Buy The Creature from Jekyll Island: A Second Look at the Federal Reserve Lesson Plans
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This quiz consists of 5 multiple choice and 5 short answer questions through Section II. A Crash Course on Money, Chapters 7-8 The Barbaric Metal; Fool's Gold.

Multiple Choice Questions

1. When were the International Monetary Fund and World Bank established?
(a) The World Bank and International Monetary Fund were established during the Cold War.
(b) The World Bank and International Monetary Fund were established in 1910 at Jekyll Island.
(c) The World Bank and International Monetary Fund were established in 1929 when the Stock Market crashed.
(d) In 1944, the Bretton Woods Conference took place, out of which came the International Monetary Fund or IMF and World Bank

2. What is the status of a loan that is "underwater?"
(a) When a home loan is underwater, the homeowner is forced into bankruptcy.
(b) When a home loan is underwater, the homeowner must take out a second mortgage.
(c) When a home loan is underwater, the homeowner owns more on the home than it is worth on the market.
(d) When a home loan is underwater, the homeowner is forced into foreclosure by the lender.

3. What generalization did the author make about conspiracy theorists?
(a) Conspiracy theorists are generally more intelligent than the general population.
(b) Those who believe in conspiracy theories usually are better educated than the average person.
(c) There were two kinds of people in the world--those who believed in conspiracy and those who did not.
(d) Those who believe in conspiracy theories are usually more well-informed than most people.

4. What important aspect about the economic history of the country did the author fail to mention?
(a) The author failed to mention that our economic system is impossible to fix.
(b) The author failed to mention that our economic system depends on foreign investments.
(c) The author failed to mention that our economic system may have been fixed at one time and then broken again.
(d) The author failed to mention that our economic system depends on the success of the stock market.

5. Prior to the establishment of the Federal Reserves, what caused massive bank failures?
(a) Foreign debtors demanded the full repayment of loands.
(b) The Great Depression proved to be an unbearable strain on the banking system.
(c) There were public runs on the banks and currency drains from other banks demanding payments.
(d) US bonds were devalued by the Federal authorities.

Short Answer Questions

1. What occurred when coinage was weakened through lower percentages of precious metal or completing stripped of such backing?

2. How did many people feel about those who went too far into debt?

3. After analysis, what was the real nature of the S&L system?

4. Who does the Federal Reserve depend on to bail out the country in times of economic collapse?

5. What is a fractional money system?

(see the answer key)

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