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:

Role Senders

People or entities in an organization that have expectations for the behavior and performance of others, often influencing their roles.

Focal Role

The central or most important role that an entity or individual plays in a specific context or system.

Intragroup Conflict

Disagreements or disputes that occur within a group, team, or organization, which can arise from differences in opinions, goals, or working styles among its members.

Groupthink

A phenomenon in which the desire for harmony or conformity in a group results in an irrational or dysfunctional decision-making outcome.