Recall Muzafer Sherif's Research with Two Groups of 11-Year-Old Boys

question 1

Multiple Choice

Recall Muzafer Sherif's research with two groups of 11-year-old boys camping at Robber's Cave (the "Eagles" and the "Rattlers") . The groups were fiercely competitive for several weeks. What triggered a peaceful reconciliation? That is, how was their animosity finally brought to an end?

• A) They were brought into more and more frequent contact with one another.
• B) They engaged in a number of tasks that built perspective-taking abilities.
• C) They were put in a situation that established a clear winner and a clear loser.
• D) They were put in a situation where they needed to cooperate in order to achieve a superordinate goal.

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Definitions:

Required Reserves

The minimum amount of funds that a bank must hold in reserve against deposit liabilities, as mandated by central banking authorities.

Open Market Sale

The selling of government bonds to the public or banks by the central bank to control the money supply.

Discount Rate

The interest rate charged by central banks on loans offered to commercial banks or the rate used to discount future cash flows to present value.

Required Reserve Ratios

These are central bank regulations set on the minimum amount of reserves that commercial banks must hold against deposits.