The Entry of GM and Walmart into the Credit Card

question 68

Multiple Choice

The entry of GM and Walmart 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:

Community capacity building

Strengthening the skills, competencies, and abilities of people and communities to achieve their objectives and deal with development issues.

Network

refers to a group or system of interconnected people or things.

Citizen involvement

The participation of individuals in decision-making processes, policies, and activities within their community or society, contributing to public life.

Desensitizing

The process of reducing or eliminating an emotional response, typically fear or anxiety, to a stimulus through repeated exposure to that stimulus.