The Advent of Computers and Deregulation of Banking in the 1970s

question 29

Multiple Choice

The advent of computers and deregulation of banking in the 1970s caused which of the following financial tools to burst on the scene in the United States, transforming the financial environment?

• A) online banking
• B) home equity loans
• C) traveler's checks
• D) credit cards
• E) student loans

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Definitions:

Housing Needs

The requirements for shelter and accommodations that support a livable and secure environment for individuals or families.

Gradual Retirement

A process or arrangement allowing employees to reduce their working hours and workload over time before completely retiring.

Abrupt Retirement

The sudden and unexpected cessation of employment, leading to a transition from a working life to retirement without gradual adjustment.

Part Time

Employment or engagement in activities for less than the full amount of time typically considered normal or standard.