Which of the Following Contributed to Falling Profits for Banks

question 54

Multiple Choice

Which of the following contributed to falling profits for banks in the 1970s and early 1980s?

• A) Regulation Q
• B) high inflation
• C) competition from mutual funds
• D) all of the above

---

Definitions:

U.S. GAAP

The Generally Accepted Accounting Principles in the United States, a framework of accounting standards and procedures used in the U.S. to compile financial statements.

Prior Service Cost

The cost of retroactive benefits awarded in a pension plan amendment, which is recognized over future periods.

Pension Plans

Financial programs established by employers to provide retirement income for employees.

Amend Benefits

The act of making changes to the terms or conditions of employee benefits plans.