Gretchen Morgenson and Joshua Rosner Argued That the Main Reason

question 58

Multiple Choice

Gretchen Morgenson and Joshua Rosner argued that the main reason for the most recent financial crisis was that

• A)the Federal Reserve had too much control over the financial system.
• B)no one could see the risk in the financial market at that time.
• C)there were too many banks and other financial institutions in the United States.
• D)there were too many government regulators.
• E)government regulators were being "captured" by banks.

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Definitions:

Cross-functional Team

A group of individuals from different departments or areas within an organization working together to achieve a common goal.

Task Force

A temporary group of people formed to undertake a specific mission or project.

Friendship Groups

Social collectives that provide emotional, social, and practical support, often characterized by shared interests or common goals.

Informal Groups

Groups that form naturally within an organization based on personal relationships or shared interests rather than structured roles.