The entry of Sears, AT&amp;T and GM into the credit card business is an indication of
A. government’s efforts to deregulate the provision of financial services.
B. the rising profitability of credit card operations.
C. the reduction in costs of credit card operations since 1990.
D. the sale of unprofitable operations by Bank of America and Citicorp.
Answer:B
The entry of Sears, AT&amp;T and GM into the credit card business is an indication of
A. government’s efforts to deregulate the provision of financial services.
 B. the rising profitability of credit card operations.
 C. the reduction in costs of credit card operations since 1990.
 D. the sale of unprofitable operations by Bank of America and Citicorp.
