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:

Solicited Application Letter

A solicited application letter is a job application letter sent in response to an advertised job opening, showing the applicant's qualifications and interest in the position.

Job Ad

A public announcement or posting by an employer seeking to fill a vacant position within their organization.

Job Offer

A formal invitation to become an employee of a company or organization.

Tactfully Ask

The skill of posing questions in a considerate and non-offensive manner.