At the End of 2012, the World-Wide Notional Value of Swap

question 56

True/False

At the end of 2012, the world-wide notional value of swap agreements was less than US$400 trillion.

---

Definitions:

Autonomous Morality

The stage in moral development where individuals understand that rules and laws are created by people and evaluating actions depends on intentions and consequences, not just strict obedience.

Instrumental Morality

A stage in moral development where individuals base their moral judgments on the consequences of actions, often associated with personal benefit.

Kohlberg's Theory

A theory developed by Lawrence Kohlberg that outlines the stages of moral development in individuals, from basic understanding of rules to higher levels of ethical reasoning.

Moral Development

The process through which individuals evolve in their understanding of moral concepts, progressing through various stages of moral reasoning.