The entry of AT&T and GM 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.
Correct Answer:
Verified
Q44: Securitization is a process of asset transformation
Q45: Because of securitization,a new class of residential
Q46: Improved computer technology has made home banking
Q47: So-called fallen angels differ from junk bonds
Q48: One factor contributing to the rapid growth
Q50: In 1977,he pioneered the concept of selling
Q51: A debit card differs from a credit
Q52: Automated teller machines
A)are more costly to use
Q53: New computer technology has
A)increased the cost of
Q54: The development of money market mutual funds
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents