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How did Ronald Haselton bring financial innovation to the US banking system? As part of the wave of deregulation of financial markets in the 1980s,

How did Ronald Haselton bring financial innovation to the US banking system?

As part of the wave of "deregulation" of financial markets in the 1980s, banking laws were changed to allow commercial banks in the United States to offer relatively liquid savings accounts that could pay a market rate of interest. What were these accounts called? How did they work?

Why are credit cards considered to be a short-term consumer loan?

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