ATMs Were Developed Because of Breakthroughs in Technology and as a

question 50

Multiple Choice

ATMs were developed because of breakthroughs in technology and as a

• A)means of avoiding restrictive branching regulations.
• B)means of avoiding paying interest to corporate customers.
• C)way of concealing transactions from the SEC.
• D)increasing the competition from foreign banks.

Identify the appropriate research method based on the sociological question being investigated.

Recognize the significance of random selection in achieving representative samples.

Comprehend the different stages of the research process and the importance of each.

Distinguish between primary and secondary data and their uses in sociological research.

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Definitions:

Compound Interest

Compound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It's the result of reinvesting interest rather than paying it out, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.

Earnings Rate

The return on an investment for a specific period, typically expressed as a percentage of the investment's initial cost.

Internal Rate Of Return

A financial metric used to evaluate the profitability of potential investments, calculated as the discount rate that makes the net present value of all cash flows from a project equal to zero.

Useful Life

The period over which an asset is expected to be usable by a company for the purpose of its operations.