The Financial Crisis That Occurred in 2007 and 2008 Highlighted

question 22

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

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Definitions:

Transsexual

A term used to describe individuals whose gender identity differs from the sex they were assigned at birth, and who may undergo medical procedures to align their physical appearance with their gender identity.

Gender

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Heterosexual

Refers to a sexual orientation characterized by a romantic or sexual attraction to individuals of the opposite sex.

Chromosomally

Pertaining to chromosomes, the structures within cells that carry genetic information.