The mass use of credit cards began in 1958 with the BankAmericard. Its name changed in 1976 to
A) Visa
B) Master Card
C) Visa
D) American Express
A
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Describe and explain the relationship between the price of bonds and the interest rate
What will be an ideal response?
Thrift institutions importance as a source of funds for borrowers
A) has shrunk from around 40 percent of total credit advanced in the late 1970s to below 30 percent by 2014. B) has shrunk from over 20 percent of total credit advanced in the late 1970s to around 3 percent by 2014. C) has expanded dramatically, from around 15 percent of total credit advanced in the late 1970s to above 25 percent by 2014. D) has expanded dramatically, from around 15 percent of total credit advanced in the late 1970s to above 30 percent by 2014.
The major assets and liabilities of a bank are:
a. checkable deposits and total reserves, respectively. b. checkable deposits and gold, respectively. c. total reserves and checkable deposits, respectively. d. total reserves and excess reserves, respectively. e. checkable deposits and excess reserves, respectively.
Which of the following shows a contrast between Economist A, who is concerned with individual liberty, and Economist B, who is concerned with an unfair distribution of power?
a. Economist A wants more government programs; Economist B wants to hire fewer government employees. b. Economist A wants more government programs; Economist B want less government involvement. c. Economist A wants to hire more government employees; Economist B want to lower taxes. d. Economist A wants less government involvement; Economist B wants more government programs.