A radically different environment has faced the banking system since the 1970s and 1980s.Reasons for this include all of the following EXCEPT
A) the Bretton-Woods agreement was reinstated.
B) the shift to floating monetary exchange rates.
C) rising debt levels in the developing world.
D) the advent of electronic funds transfer systems.
E) mounting international competition.

Question

Quizplus · Accepted Answer

The Bretton-Woods agreement was dismantled in the early 1970s, not reinstated. The other options are correct reasons for the radically different environment facing the banking system since the 1970s and 1980s.

A Radically Different Environment Has Faced the Banking System Since