Before the 1960s

question 34

Multiple Choice

Before the 1960s,

• A) over half of the sources of bank funds were obtained through checkable deposits that by law could not pay any interest.
• B) banks mostly borrowed from other banks to meet their reserve needs.
• C) both A and B occurred.
• D) neither A nor B occurred.

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Definitions:

Calculability

A principle, often related to rationalization and modernity, emphasizing quantification and measurement in decision-making processes.

Quantity Over Quality

A focus on producing or achieving more in number, often at the expense of excellence or condition.

McDonaldization

The process by which the principles of fast food restaurants are coming to dominate more sectors of societies worldwide, emphasizing efficiency, predictability, and control.

Dimension

Dimension is a measurable extent of some kind, such as length, width, height, or time, which helps define the scope or magnitude of an object or concept.