The Financial Crisis That Occurred in 2007 and 2008 Highlighted

question 10

Multiple Choice

The financial crisis that occurred in 2007 and 2008 highlighted one of the crucial functions of commercial banks and other financial institutions in developed economies.A crucial function that ceased to work smoothly during this time,and contributed to the global recession that began in 2008,was

• A)the acceptance of deposits from firms and households.
• B)the joint regulation of financial markets.
• C)the provision of credit to firms,households and other banks.
• D)cheque clearing and collection.
• E)the clearing of electronic transfers.

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Definitions:

Type A Personality

Person who is ambitious, time conscious, extremely hardworking, and tends to have high levels of hostility and anger as well as being easily annoyed.

Masculine

Traits or attributes traditionally associated with men and boys, such as strength, assertiveness, and competitiveness, in a given culture.

Hofstede's Dimensions

A framework for cross-cultural communication developed by Geert Hofstede, which describes the effects of a society's culture on the values of its members and how these values relate to behavior.

Primary Appraisal

The initial evaluation process where the individual assesses the significance of a stressor as being positive, neutral, or negative.