Which of the Following Is True of the Credit Crunch

question 5

Multiple Choice

Which of the following is true of the credit crunch that occured in the U.S.economy in the early 1990s?

• A)The credit crunch affected only big business firms.
• B)Small business firms that were unable to obtain bank loans were most affected during the credit crunch.
• C)The main reason behind the credit crunch was the dramatic decline in housing prices.
• D)The government bailed out many of the financial firms that were affected by the credit crunch.

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Definitions:

Interrole Conflict

A psychological conflict arising from opposing demands related to different roles played by an individual.

Values

Core beliefs or principles that guide an individual's behavior and decision-making process.

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Volatile Relationships

Relationships characterized by rapid, unpredictable changes in sentiment, potentially leading to conflicts or instability.