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

Recognize the role of factors of production in determining supply of goods and services.

Understand the impact of economic growth on job opportunities, wages, and standard of living.

Differentiate between the economic systems (socialism, communism, market economies) and their characteristics.

Understand the business cycle phases, including recession and recovery, and their impact on employment and consumer behavior.

---

Definitions:

Interpersonal Therapy

A short-term, focused treatment strategy for depression, emphasizing relationships and social functioning.

Cognitive Therapy

A form of psychotherapy that emphasizes the impact of thoughts on feelings and behaviors, aiming to modify dysfunctional belief systems.

Meta-analytic Review

A statistical method that combines the results of multiple studies on a particular topic to derive a comprehensive understanding of the evidence.

Therapy

A broad term for the treatment of health and behavioral issues, aimed at relieving symptoms and improving quality of life, which can be psychological or physical in nature.