In Order to Compete with Changing Market Conditions in the 1980s,banks

question 125

Multiple Choice

In order to compete with changing market conditions in the 1980s,banks supported legislation to remove interest rate ceilings and to allow banks to pay interest on checking accounts. These actions

• A)lowered transactions costs for banks.
• B)raised the cost of acquiring funds for banks.
• C)made banks less competitive in the financial markets.
• D)raised the income banks received.

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Definitions:

Labor Relations

The relationships and interactions between employers, employees, and their representatives, often within the context of negotiation and collective bargaining.

Collective Bargaining Process

The procedure where employers and representatives of employees negotiate labor contracts concerning wages, hours, benefits, and working conditions.

Collective Bargaining Agreements

Legally binding agreements between employers and a group of employees, often negotiated by a union, that specify wages, hours, and other terms and conditions of employment.

Collective Bargaining

The process by which employers and unions negotiate employment terms such as wages, hours, and conditions.