The Root of the Savings and Loan Debacle Was

question 263

Multiple Choice

The root of the savings and loan debacle was

• A)the corruption of management
• B)the low rates of interest paid to the depositors
• C)long term (30-year)outstanding loans at extremely low interest rates
• D)high risk short term loans

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Definitions:

Social-cognitive Perspective

A psychological approach emphasizing the importance of observational learning, self-efficacy, situational influences, and cognitive processes in behavior.

Unexpected Aversive Events

Events that are not anticipated and cause a negative emotional or physical reaction.

Helplessness

A psychological state in which an individual feels unable to control or escape from their situation, often leading to decreased motivation and depression.

Manic Phase

A period in bipolar disorder characterized by elevated mood, increased activity or energy levels, and often impaired judgment.