In Developing Countries, It Is Not True That

question 81

Multiple Choice

In developing countries, it is not true that

• A)banks are often viewed with suspicion
• B)at the first sign of economic problems, many bank depositors withdraw their funds
• C)because banks cannot rely on a continuous supply of deposits, banks cannot make loans for extended
• Periods
• D)if financial institutions fail to serve as intermediaries between savers and borrowers, the lack of funds for
• Investment will make growth rates double
• E)the credit provided by banks as a percent of total output is one fifth that in high­income countries

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Definitions:

Adolescent Egocentrism

The tendency for adolescents to focus on themselves and what others think of them, often accompanied by a sense of uniqueness and invincibility.

Imaginary Audience

The belief, common in adolescence, that one is constantly being observed and evaluated by others.

Personal Fable

Another aspect of adolescent egocentrism; the belief that our feelings and ideas are special and unique and that we are invulnerable.

Assimilation

The cognitive process in which new information is integrated into pre-existing schemas or knowledge structures.