The entry of GM and Walmart into the credit card business is an indication of ________.
A) government's efforts to deregulate the provision of financial services
B) the rising profitability of credit card operations
C) the reduction in costs of credit card operations since 1990
D) the sale of unprofitable operations by Bank of America and Citicorp

Question

Quizplus · Accepted Answer

The entry of GM and Walmart into the credit card business is an indication of the rising profitability of credit card operations.

The Entry of GM and Walmart into the Credit Card