Which One of the Following Statements Is TRUE Regarding How

question 109

Multiple Choice

Which one of the following statements is TRUE regarding how Kohlberg's theory treats social conventions relative to moral issues?

• A)Little differentiation between moral issues and social conventions is characteristic of this theory.
• B)Moral issues are regarded as more universally oriented than are social conventions.
• C)Social conventions are used as the basis for constructing dilemmas.
• D)Social conventions are viewed as inherently right or wrong and moral issues as arbitrary.

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Definitions:

Banks

Financial institutions that accept deposits from the public, create credit, and provide loans, among other financial services.

Lender Of Last Resort

The role typically assumed by a central bank to provide funds to financial institutions in distress, to prevent systemic failures.

Federal Reserve System

The central banking system of the United States, responsible for monetary policy, regulation of banks, and stability of the financial system.

Financial Collapse

Refers to a sudden and severe downturn in the financial stability of an economy, institution, or market, often leading to a crisis.