The entry of Sears,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
Q26: Which regulatory body charters national banks?
A) The
Q27: In the 1950s,the interest rate on three-month
Q28: Adjustable-rate mortgages
A) protect households against higher mortgage
Q29: Which of the following is an example
Q30: The most important source of the changes
Q32: Which of the following are important factors
Q33: Which of the following is not a
Q34: State banks that are not members of
Q35: Which of the following statements concerning bank
Q36: Adjustable-rate mortgages
A) benefit homeowners when interest rates
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