One Result of Competition Among Banks Is That

question 38

Multiple Choice

One result of competition among banks is that

• A)more services are available to consumers.
• B)more banks exist now than a decade ago.
• C) the trend toward mergers in the banking industry has slowed.
• D) all of the above.

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Definitions:

Object Permanence

The conviction that an object exists even when it is out of sight. Piaget believed infants didn’t develop this level of understanding until the age of at least eight months.

Egocentrism

The inability to differentiate between one’s own perspective and someone else's perspective, often seen in early developmental stages.

Preoperational

A stage in Piaget's theory of cognitive development where children aged 2 to 7 years think symbolically but are not yet able to perform operations or reason logically.

Grasping Reflex

An involuntary movement response in infants, where they firmly grasp objects placed in their palms.