Which of the Following Terms Refers to the Process by Which

question 1

Multiple Choice

Which of the following terms refers to the process by which an individual's desire for acceptance by the group and the pressure by the group on individual members to match its standards results in a change in individual attitudes and behaviors?

• A) conformity
• B) coercion
• C) commitment
• D) convergence
• E) confluence

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Definitions:

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits and money market mutual funds.

FDIC

The Federal Deposit Insurance Corporation, a US government agency that insures deposits in banks and thrift institutions.

Bank Deposits

Money placed into banking institutions for safekeeping. These deposits are typically made into checking or savings accounts.

Bank Failures

Occurrences when banks are unable to meet their obligations to depositors and others, often leading to insolvency and closure.