If People Believe That a Bank Is Going to Fail

question 119

Multiple Choice

If people believe that a bank is going to fail, this can cause them to pull their money out of the bank. This, in turn, may lead to the bank's failure. What does this situation illustrate?

• A) self-fulfilling prophecy
• B) status conflict
• C) role conflict
• D) economic crisis

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Definitions:

Peer Group

A group of individuals, usually of similar age, background, or social status, who associate with each other and may exert influence on one another.

Common Interest

A shared concern or passion among a group of individuals, which often serves as a basis for communal activities or discussions.

Reframing

The process of changing the conceptual or emotional setting or viewpoint regarding a situation, thereby altering its meaning or impact.

Turnaround Time

The amount of time taken to complete a process or fulfill a request, often used as a measure of operational efficiency.