Governments in Developing Countries Sometimes Adopt Policies That Retard the Efficient

question 61

Multiple Choice

Governments in developing countries sometimes adopt policies that retard the efficient operation of their financial systems.These actions include policies that

• A) prevent lenders from foreclosing on borrowers with political clout.
• B) nationalize banks and direct credit to politically favored borrowers.
• C) make it costly to collect payments and collateral from defaulting debtors.
• D) do all of the above.
• E) do only A and B of the above.

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Definitions:

Lean Medium

A method or tool that facilitates efficient and effective communication or project management with minimal waste.

Lengel-Daft Contingency Model

A theoretical framework suggesting that the effectiveness of communication processes and mediums varies according to the uncertainty and complexity of the situation.

Rich Medium

Communication channels with the capacity to convey messages in a more understanding and effective manner through immediate feedback, multiple cues, and personalization.

Grapevine Distortion

The alteration or misinterpretation of messages as they pass through informal communication channels within an organization, often leading to misinformation.