The Purpose of the Local Clearinghouses Established by Banks in the Early

question 327

Multiple Choice

The purpose of the local clearinghouses established by banks in the early 1900s was to:

• A)merge failing banks with healthy ones.
• B)facilitate the transfer of electronic funds between member banks.
• C)pool resources of several local banks so that the clearinghouse could guarantee a member's deposits in case of a bank run.
• D)help people who were unemployed find jobs.

Explain the phenomenon of deindividuation and how it affects individual and group behavior.

Recognize the factors that influence the occurrence of group polarization.

Understand the role of anonymity and self-awareness in influencing social behavior and accountability.

Analyze how group dynamics can lead to an enhancement or suppression of individual opinions.

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Definitions:

Weakest Correlation

The situation in which two variables have the lowest degree of relationship or association between them.

Vocational Interests

Preferences and inclinations towards certain professions or occupational activities.

Vocational Fit

The degree to which an individual's interests, skills, and values align with a particular career or job.

Openness to Experience

A personality trait that describes the extent to which an individual is imaginative, open-minded, and seeks new experiences.