topic 4 Flashcards
Broadsheets
Newspapers that provide in-depth coverage, with a serious tone to their articles and editorials, eg The Times and The Guardian
Expert bias
Using an expert from just one side of a debate, meaning that other perspectives are not put forward
Financial press
Newspapers and magazines aimed at the financially literate and industry practitioners, eg Financial Times.
Libor scandal
The discovery that some banks had manipulated the interest rates that they use when they borrow from and lend to each other
Mass media
TV, radio, newspapers, magazines and online content that are made available to a wide audience
Media bias
Reporting a story from a particular perspective, perhaps to reflect the media outlet’s business priorities, or the views of the individual journalist
Middle-market press
Tabloid-format newspapers such as the Daily Mail and Daily Express that carry stories designed to appeal to a wide audience, usually shorter and less complex than those in the broadsheets but less sensational than
those in the ‘red-top’ tabloids
Objective report
A style of journalism that is free from biases, personal views or anything else that attempts to sway people’s thinking in a certain manner. It is purely based on facts
Omission bias
Leaving out facts and opinions that tend to disprove or challenge any claims made.
Subjective bias
A report based on personal views and experiences, rather than objective facts
tabloid press
‘Red-top’ tabloids, eg The Sun and Daily Mirror, which carry short, often sensationalist, stories with little coverage of financial issues
Teaser rate
A very low starter interest rate that makes initial payments affordable, but which, after a short initial period, increases to a higher rate
Think tank
An organisation, usually not operating for a profit, which carries out research into topics of political, economic and social policy.
Media organisations write their news reports
subjectively
An example of a middle-market newspaper is
the Daily Mail
MoneyWeek is
a financial magazine
The Radio 4 programme that focuses on personal finance is
Money Box
A media company choosing not to cover a story because it is against the company’s business interests to do so is an example of:
omission bias
A technical analysis of the impact of a change in corporation tax is most likely to appear in the
Financial Times
The role played by the mass media can be described as
active
Prior to the financial crisis of 2007, banks were:
lending money much too easily
One of the reasons the payment protection insurance scandal arose was because
payment protection insurance was being sold as a condition of being granted a loan
The Libor scandal was a form of:
market rigging
Financial services companies are prevented by their regulator from using social media
false
