The Development and Heavy Use of ATMs and Debit Cards

question 7

Multiple Choice

The development and heavy use of ATMs and debit cards increased:

• A) reserve ratios.
• B) liquidity.
• C) interest rates.
• D) risk.

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Definitions:

Competitive Advantage

The attributes or conditions that allow a company or country to produce goods or services more efficiently or at a higher quality than its competitors, leading to better sales or margins.

Human Resource Management

The strategic approach to the effective management of people in an organization, focusing on policies and systems to maximize employee performance.

New Products

Goods or services that have been recently developed or introduced to the market, offering new features, benefits, or innovations.

Long-term Development

A strategic approach focusing on achieving sustained growth and progression over an extended period, considering future implications of current decisions.