In Which Way Did Building Societies Respond to the Competitive

question 14

Multiple Choice

In which way did building societies respond to the competitive pressures resulting from the deregulation of the banking system in the 1980s?

• A)They engaged in mergers for efficiency and scale reasons.
• B)They adopted improved technology.
• C)They diversified their products and activities.
• D)All of the listed options are correct.

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Definitions:

Solitary Individuals

Solitary Individuals describes people who prefer to be alone or are isolated from others, often focusing on personal thoughts and experiences.

John Rawls

An American political philosopher in the liberal tradition, best known for his theory of justice as fairness, which emphasizes a system of cooperation and equality in political and social institutions.

Communitarian

One who holds a theory of society that emphasizes the interdependence of individuals within the context of particular communities. A communitarian view understands the citizen not in terms of his or her rights but rather his or her duties (“Ask not what your country can do for you, but what you can do for your country”). In the communitarian view, the self is sometimes understood as a function of society rather than an independent entity.

Libertarian

A political and philosophical stance emphasizing individual freedom and voluntary association with minimal state intervention.