US Banks Did Not Offer Interest on Checking Accounts Until

question 310

Multiple Choice

U.S. banks did not offer interest on checking accounts until the beginning of the 1980s. As a result, before the early 1980s:

• A) the opportunity costs of keeping funds in checking accounts was zero.
• B) the opportunity costs of keeping funds in checking accounts was lower.
• C) the opportunity costs of keeping funds in checking accounts was higher.
• D) people kept money under their mattress.

---

Definitions:

Occasional Regression

Temporary return to earlier patterns of behavior or stages of development under stress or discomfort.

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges, and defuse conflict.

Intelligence Quotient

A measure of a person's intellectual abilities compared to the average population, expressed as a score.

Daniel Goleman

An author and psychologist known for his work on emotional intelligence, including its importance in leadership, education, and personal development.