Akbar Has a Real Clunker of a Car That Has

question 6

Multiple Choice

Akbar has a real clunker of a car that has stalled on him numerous times. He tells his friends that he is getting a brand new car, but then he checks out the prices and realizes that he cannot afford a new car. When friends ask him when he is getting the new car, he responds that he does not know what he was thinking. He could never give up this car. "It's a classic." Akbar is using the defense mechanism known as

• A)displacement.
• B)rationalization.
• C)compensation.
• D)sublimation.

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Definitions:

Medium of Exchange

A facilitative tool employed to assist in the buying, selling, or exchanging of products among individuals or groups.

Money Supply

The full amount of financial resources at an economy's disposal, including cash, coins, and the amounts in checking and savings accounts, at a particular moment.

Financial Intermediaries

Organizations that facilitate the channeling of funds between savers and borrowers, including banks, credit unions, and insurance companies.

Welfare Banks

Financial institutions focused on providing services and support to individuals in need, though not a widely recognized term in traditional finance.