How Did the US Government React to the Institutional Financial

question 10

Multiple Choice

How did the US government react to the institutional financial failures of 2008?

• A) It nationalized the US banking system
• B) It encouraged failing institutions to petition for bankruptcy
• C) It sought international loans
• D) It mounted a huge rescue operation
• E) It closed the Stock Exchanges immediately

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Definitions:

Formal Systems

Structured and officially sanctioned procedures, rules, and policies designed to organize and regulate organizational operations and behavior.

Patterns of Activity

Recurring behaviors or actions undertaken by individuals or groups in specific contexts.

Power Bases

The sources of influence and authority an individual or organization possesses.

Self-interested Politics

Actions within an organization where individuals or groups prioritize their own interests over the collective good.