In 2008 the World Dealt with the Most Dramatic Financial

question 27

Multiple Choice

In 2008 the world dealt with the most dramatic financial crisis since the depression and bank failures of the 1930's.This crisis occurred because of all of the following except:

• A) increased leverage based on increasing property values in the subprime mortgage business.
• B) financial institutions accepted questionable credit instruments.
• C) there was a lack of effective oversight by the regulatory bodies.
• D) an increase in global interest rates.

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Definitions:

Identity Vs. Role Confusion

A stage in Erik Erikson's theory of psychosocial development where adolescents explore their independence and develop a sense of self.

Erikson

Refers to Erik Erikson, a psychoanalyst known for his theory on the psychological development of human beings across eight stages from infancy to adulthood.

Piaget

A reference to Jean Piaget, a Swiss psychologist known for his pioneering work in child development and cognitive psychology.

Kohlberg

Refers to Lawrence Kohlberg's theory of moral development, which proposes stages through which individuals progress in their moral reasoning.