One Indicator of International Financial Openness in Advanced Countries Is

question 2

Multiple Choice

One indicator of international financial openness in advanced countries is that:

• A) defaults by borrowers have decreased significantly.
• B) cross-border financial transactions in advanced nations have increased tenfold.
• C) restrictions on mortgage lending or bank capital requirements have decreased.
• D) governments no longer try to control interest rates.

---

Definitions:

Culture Shock

The feeling of disorientation experienced by someone when they are suddenly subjected to an unfamiliar culture, way of life, or set of attitudes.

Confusion

A state of perplexity or uncertainty due to difficulty in understanding something or making a decision.

Unfamiliar Culture

A culture that an individual has not been exposed to, leading to potential lack of understanding or knowledge about its practices and norms.

Ethnocentrism

The tendency to believe that one's own culture or ethnic group is superior to others, which can lead to biased judgments and interactions with people from different backgrounds.