ATMs Were Developed Because of Breakthroughs in Technology and as a

question 50

Multiple Choice

ATMs were developed because of breakthroughs in technology and as a

• A)means of avoiding restrictive branching regulations.
• B)means of avoiding paying interest to corporate customers.
• C)way of concealing transactions from the SEC.
• D)increasing the competition from foreign banks.

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Definitions:

Marx

Karl Marx, a 19th-century philosopher, economist, and revolutionary, known for his theories about capitalism and communism.

Demographic Transition Theory

A theory that describes the transition from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Population Development

The study of changes in population numbers, composition, and distribution, and how these changes affect socio-economic development.

Crude Birth Rate

The number of live births per 1,000 population in a given year.