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US Banks Did Not Offer Interest on Checking Accounts Until

question 120

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U.S. banks did not offer interest on checking accounts until the beginning of the 1980s. Then banking regulations changed, allowing banks to pay interest on checking account funds. As a result, the _____ money _____ and shifted the money demand curve to the _____.


Definitions:

Black and Latino

Pertaining to individuals of African and Latin American descent respectively.

Intermarriages

Marriages between spouses of different racial, ethnic, religious, or cultural backgrounds, reflecting trends in societal integration and diversity.

Racial-gender Stereotypes

Preconceived and oversimplified beliefs about individuals based on their race and gender, often leading to discrimination and inequality.

Asian Americans

A diverse group of Americans of Asian descent, including various ethnicities and cultures.

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