The Need for a Lender of Last Resort Was Identified

question 42

Multiple Choice

The need for a lender of last resort was identified as far back as:

• A) the start of the Great Depression in 1929.
• B) 1913, when the Federal Reserve was created.
• C) 1873, by British economist Walter Bagehot.
• D) 1776, by the first U.S. Secretary of the Treasury, Alexander Hamilton.

Compare and contrast the goals and methods of structuralism and functionalism within psychology.

Define the psychodynamic perspective's focus on causal factors.

Understand the concept of culture and norms and their functions within a society.

Recognize the impact of Freudian theory on contemporary psychology and the principles of behaviourism.

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Definitions:

Transference

A phenomenon in psychoanalysis where patients unconsciously redirect feelings for a significant person in their past to the therapist.

Psychoanalyst

A therapist who practices psychoanalysis, a method of psychotherapy originating from the theories of Sigmund Freud, focusing on unconscious processes.

Insight

The ability to understand the inner nature of things or to intuitively grasp complex situations.

Transference

A psychological phenomenon where feelings, desires, and expectations of one person are redirected and applied to another person, often occurring in patient-therapist relationships.