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:

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Mental Processes

Internal, covert activities of the mind, such as thinking, feeling, and remembering.

External Environment

All outside factors and influences that impact the operation and success of an entity, including economic, social, political, and technological factors.

Ancient Scholars

Individuals from historical periods who contributed significantly to knowledge in various fields such as philosophy, science, and literature.