The Introduction of Money Market Substitutes for Basic Checking Accounts

question 89

Multiple Choice

The introduction of money market substitutes for basic checking accounts was fueled partially by the:

• A) relatively high rates of inflation that existed in the late 1970s and early 1980s.
• B) reluctance of many retailers to accept checks.
• C) high number of bank failures that were occurring in the 1970s.
• D) higher interest rates banks had to pay on checking accounts.

---

Definitions:

Personal Development

The ongoing process of understanding and developing oneself in order to achieve one's fullest potential.

Experience Fairness

The perception that experiences, especially in the context of the workplace or consumer interactions, are fair and just, influencing satisfaction and loyalty.

Goal-Setting Model

A framework used to identify and organize objectives and establish a plan for achieving them.

Workplace Interactions

The various ways in which employees communicate, collaborate, and engage with each other within a professional setting.