Topic 4

Question 1

What are broad sheets

Answer 1

Newspapers that provide in-depth coverage, with a serious tone

Question 2

What is an example of a broadsheet

Answer 2

The guardian

Question 3

What is expert bias

Answer 3

using an expert from just one side of a debate, meaning that the other perspectives are not put forward

Question 4

what is the financial press

Answer 4

newspapers and magazines aimed at the financially literate and industry practitioners

Question 5

name an example of a financial press

Answer 5

financial times

Question 6

what is the libor scandal

Answer 6

the discovery that some banks had manipulated the interest rates that are made available to a wide audience

Question 7

What is mass media

Answer 7

content that is made available to a wide audience

Question 8

name an example of mass media

Answer 8

tv, radio, newspaper, magazine

Question 9

what is media bias

Answer 9

reporting a story from a particular perspective, perhaps to reflect the media outlet’s business priorities, or the views of the individual journalist

Question 10

what is a middle market press

Answer 10

tabloid-format newspapers that carry stories designed to appeal to wide audiences, usually shorter and less complex than those in the broadsheets but less sensational than those in the ‘red-top’ tabloids

Question 11

what is an example of a middle market press

Answer 11

daily mail, daily express

Question 12

what is an objective report

Answer 12

a style of journalism that is free from bias and is based on facts

Question 13

what is omission bias

Answer 13

leaving out facts and opinions that tend to disprove or challenge any claims made

Question 14

what is subjective bias

Answer 14

a report based on personal views and experiences, rather than objective facts

Question 15

what is the tabloid press

Answer 15

red top tabloids which carry short, often sensationalist, stories with little coverage of financial issues

Question 16

what is a teaser reate

Answer 16

a very low starter interest rate that makes initial payments affordable, but after a short period, rate will increase

Question 17

what is a think tank

Answer 17

an organisation which is usually none profit, which carries out research into topics of political, economic and social policy

Question 18

how do media organisations write their reports

Answer 18

subjectively

Question 19

what is ‘moneyweek’

Answer 19

a financial magazine

Question 20

what is the radio 4 programme that focuses on personal finance

Answer 20

money box

Question 21

what is omission bias

Answer 21

A media company choosing not to cover a story because it is against the company’s business interests

Question 22

Where is a technical analysis of the impact of change in corporation tax most likely to appear in

Answer 22

financial times

Question 23

what can the role played by the mass media be described as

Answer 23

active

Question 24

What were banks doing before the 07 financial crisis

Answer 24

lending money too easily

Question 25

What was a reason for the ppi scandal to arise

Answer 25

payment protection insurance was being sold as a condition of being granted a loan

Question 26

what was the libor scandal a form of

Answer 26

market rigging

Question 27

what is race bias

Answer 27

ensuring that the editorial and reporting team is ethnically and culturally diverse

Question 28

what is conflict of interests

Answer 28

the use of reports from neutral organisations that are not funded by the industry they are investigating

Question 29

what is expert bias

Answer 29

the use of interviews with two or more people from different sides of the debate so that different views are expressed