首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
America’s love affair with the credit card began in 1949. When businessman Frank McNamara finished a meal in a New York restaura
America’s love affair with the credit card began in 1949. When businessman Frank McNamara finished a meal in a New York restaura
admin
2010-08-07
59
问题
America’s love affair with the credit card began in 1949. When businessman Frank McNamara finished a meal in a New York restaurant and then discovered he had no cash. In those days, gasoline and store charge cards were common, but cash was standard for almost everything else. McNamara called his wife, who rushed over to bail him out. His embarrassment gave him the idea for Diners Club.
Within a year some 200 people carried the world’s first multi-use card. For an annual fee of $5, these card holders could charge meals at 27 restaurants in and around New York City. By the end of 1951 more than a million dollars had been charged on the growing number of cards, and the company was soon turning a profit.
The problem was to persuade enough people to carry the cards. Diners Club turned to promotions. It gave away a round-the-world trip on a popular television show. The winners charged their expenses and made it "from New York to New York without a dime in their pocket". By 1955 the convenience of charging was catching on in a big way.
The first to turn a profit was Bank of America’s Bank Americard. Bankers from all over the country descended on its California headquarters to learn the secret of its success—so many that in 1966 Bank Americard began forming alliances with banks outside the state.
Five million holiday credit card shoppers would have created a bonanza for banks, but in the dash to market, the banks had been less than cautious in assembling their lists. Some families received 15 cards. Dead people and babies got cards. Hundreds of Chicagoans discovered they could use or sell a card they "found" and by law, the person whose name appeared on it was liable for the charges—even if he or she had never requested of received the card.
The disaster sparked a movement to regulate the industry. Public Law 91-508, signed by President Nixon in October 1970, prohibited issuers from sending cards to people who hadn’t requested them at all but eliminated card-holder liability for charges on a card reported lost or stolen. Later, the Fair Credit Billing Act set standard procedures for resolving billing disputes.
Of course, Credit cards have not only replaced cash for many purposes, but also in effect have created cash by making it instantly available virtually everywhere. Experts estimate there are from 15,000 to 19,000 different cards available in his country.
So the revolution that began in 1949 with an embarrassed businessman who was out of cash now seems complete. What Alfred Bloomingdale, then president of Diners Club, predicted more than 30 years ago seems to have come true: an America where "there will be only two classes of people—those with credit and those who can’t get them."
Which of the following can be the best title for the passage?
选项
A、Credit Card
B、American Bank
C、American’s Love Affair
D、American’s Credit Card Shopper
答案
A
解析
确定标题题。统观全文,讲的都是信用卡,其他各项都是其中的细节。所以应选A。
转载请注明原文地址:https://kaotiyun.com/show/Bnxd777K
本试题收录于:
公共英语四级笔试题库公共英语(PETS)分类
0
公共英语四级笔试
公共英语(PETS)
相关试题推荐
Acontinuingphenomenoninbusinesseducationistheemphasisonethics.TheAmericanAssemblyofCollegiateSchoolsofBusiness
Queusearelong.Lifeisshort.Sowhywastetimewaitingwhenyoucanpaysomeonetodoitforyou?InWashingtonD.C.—acit
Manyofthemostdamagingandlife-threateningtypesofweather--torrentialrains,severethunderstorms,andtornadoes--beginqu
In1971therewereabout3,700millionpeopleintheworld.Ifthepopulationwere【C1】______evenlyovertheearth’ssurfacet
WhoseinterestsdoestheCouncilofMinistersrepresent?
Governmentsthroughouttheworldactontheassumptionthatthewelfareoftheirpeopledependslargelyontheeconomicstrength
Whenthevotewasfinallytaken,itwas3:45inthemorning.Aftersixmonthsofarguingandafinal16hoursofhotparliame
Whenthevotewasfinallytaken,itwas3:45inthemorning.Aftersixmonthsofarguingandafinal16hoursofhotparliame
Whathappenedtotheboyintheearthquake?
随机试题
腕部尺神经损伤的临床表现
图中红框内所示车辆可以怎样行驶?
下列属医护人员手上常住细菌的是
我国商务部应中国新闻纸产业100家企业代表的申请,对原产甲、乙、丙三国的新闻纸展开反倾销调查,经过调查做出最终裁定,对原产于该三国的新闻纸征收反倾销税,期限为4年。下列表述不正确的是哪项?()
电线或电缆在金属线槽内不宜有接头。但在易于检查的场所,可允许在线槽内有分支接头,电线、电缆和分支接头的总截面(包括外护层)不应超过该点线槽内截面的()。
教育史上最早出现的教学组织形式是()。
决定教育发展的规模和速度的是
你怎么理解“疑罪从无”?
住民代表が抗議に赴いたが、役所は____相手にしてくれない。
MembershipintheUnitedNationsisopentoallpeace-lovingstateswhichacceptthe______oftheCharter.
最新回复
(
0
)