Which of the Following Statements Accurately Reflects the Historical Underpinnings

question 25

Multiple Choice

Which of the following statements accurately reflects the historical underpinnings of analytic and holistic thinking?

• A) Philosophical traditions in Greece emphasized that people are disconnected from their physical and social environments and thus encouraged a more analytic way of thinking about the world.
• B) Confucius argued that the world is a collection of distinct people, places, and things, a perspective on the world that encouraged a more holistic way of thinking.
• C) Plato and Aristotle perceived objects as possessing specific properties that defined them and their actions, a perspective that encouraged a more analytic way of thinking.
• D) Analytic thinking is common in the West today because 2,000 years ago the Greeks had a less developed philosophical tradition than the Chinese.
• E) Holistic thinking is common in the East today because 2,000 years ago, the Chinese had a less developed scientific tradition than the Greeks.

---

Definitions:

Fractional Reserve Banking

A banking system in which banks keep a fraction of deposits as reserves and use the remainder for loans.

Bank Liabilities

Financial obligations owed by a bank to its depositors, creditors, and other parties.

Bank Assets

Resources owned by a bank, including loans, securities, cash, and property, that have economic value and can be used to meet its liabilities.

Mad Money

Extra money reserved for spontaneous expenses or for small luxuries, often used more liberally.