The Introduction of Money Market Substitutes for Basic Checking Accounts

question 99

Multiple Choice

The introduction of money market substitutes for basic checking accounts was fueled partially by:

• A)The relatively high rates of inflation that existed in the late 1970s and early 1980s
• B)The reluctance of many retailers to accept checks
• C)The high number of bank failures that were occurring in the 1970s
• D)The higher interest rates banks had to pay on checking accounts

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Definitions:

Misunderstandings

Situations where communication goes awry, and the intended message is not correctly interpreted, often leading to confusion.

Dialectical Tension

The conflict or strain that arises from two opposing or contradictory forces, desires, or impulses within a relationship or situation.

Gunny-Sacking

Dredging up old problems and issues from the past to use against your partner.

Disinhibition Effect

The loss of inhibitions when interacting with someone online, tending to escalate conflict.