A Radically Different Environment Has Faced the Banking System Since

question 1

Multiple Choice

A radically different environment has faced the banking system since the 1970s and 1980s.Reasons for this include all of the following EXCEPT

• A) the Bretton-Woods agreement was reinstated.
• B) the shift to floating monetary exchange rates.
• C) rising debt levels in the developing world.
• D) the advent of electronic funds transfer systems.
• E) mounting international competition.

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Definitions:

Societal Responsibility

The obligation of organizations to act in ways that benefit society at large, beyond their own interests or profitability.

Ecological Environment

The complex of biological, chemical, and physical factors that act upon an organism or an ecological community and ultimately determine its form and survival.

General Public

The larger community of people in society who are not segmented by any specific interest or profession; the broad population.

Profit Responsibility

The obligation of an organization or individual to achieve financial gain while considering ethical and social impacts.