Multiple Choice
In order to compete with changing market conditions in the 1980s,banks supported legislation to remove interest rate ceilings and to allow banks to pay interest on checking accounts. These actions
A) lowered transactions costs for banks.
B) raised the cost of acquiring funds for banks.
C) made banks less competitive in the financial markets.
D) raised the income banks received.
Correct Answer:
Verified
Correct Answer:
Verified
Q120: The primary reason for the recent reduction
Q121: Prior to 1980,the Fed set an interest
Q122: So-called fallen angels differ from junk bonds
Q123: One of the concerns of increased bank
Q124: Eurodollars are<br>A)dollar-dominated deposits held in banks outside
Q126: Lack of competition in the United States
Q127: The ability to use one resource to
Q128: Rising interest-rate risk<br>A)increased the cost of financial
Q129: New computer technology has<br>A)increased the cost of
Q130: State banks that are not members of