Define the Three Types of Ethics in Social Work (General

question 9

Essay

Define the three types of ethics in social work (general ethics, professional ethics, and professional social work ethics); explain how they pertain to social work practice by comparing and contrasting them.

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Definitions:

Banks and Thrifts

Financial institutions that accept deposits from the public and create credit. Thrifts, such as savings and loan associations, primarily focus on residential mortgage lending.

FDIC

The Federal Deposit Insurance Corporation (FDIC) is a United States government agency created in 1933 to insure deposits in banks and thrift institutions for at least $250,000 per depositor, per insured bank, for each account ownership category.

Deposit Insurance

A guarantee provided typically by a government agency to protect depositor's funds up to a certain amount in the event of a bank failure.

Banking Crisis

A situation in which a large part of the banking sector becomes insolvent, leading to a loss of confidence and potentially a run on banks.