The Entry of AT&T and GM into the Credit Card

question 60

Multiple Choice

The entry of AT&T and GM into the credit card business is an indication of

• A)government's efforts to deregulate the provision of financial services.
• B)the rising profitability of credit card operations.
• C)the reduction in costs of credit card operations since 1990.
• D)the sale of unprofitable operations by Bank of America and Citicorp.

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Definitions:

Least-Squares Equation

A mathematical method used to find the best-fitting curve to a set of data points by minimizing the sum of the squares of the offsets ("the residuals") of the points from the curve.

House Prices

The prices at which individual houses are bought and sold in the real estate market.

Number Of Rooms

Typically refers to the count of rooms in a building or designated space, often used in real estate and accommodation descriptions.

Variation

The differences or changes in data or characteristics within a sample or population.