The Entry of AT&T and GM into the Credit Card

question 60

Multiple Choice

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.

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Definitions:

Motion

The change in position of an object with respect to time and its surrounding environment.

Vacuole

A membrane-bound organelle in plant and fungal cells that functions in storage, waste disposal, growth, and maintaining the cell's internal pressure.

Chemicals Storage

The practice of safely keeping chemicals in appropriate conditions to prevent accidents and preserve their quality.

Respiratory Infections

Illnesses that affect the lungs and other parts of the respiratory system, caused by viruses, bacteria, or other pathogens.