An effective MIS assesses information needs, develops needed information, and distributes the information to help managers with decision making

The presence of so many commercial banks in the United States is most likely the result of

A) consumers' strong preference for dealing with only local banks. B) adverse selection and moral hazard problems that give local banks a competitive advantage over larger banks. C) regulations that restrict the ability of banks to open branches. D) all of the above.

Which of the following statements about cash management accounts (CMAs) are true?

A) The cash management account was developed in 1977 by Merrill Lynch. B) The advantage of brokerage-based cash management accounts is that they make it easier to buy and sell securities. C) As a result of CMAs, the distinction between banking activities and the activities of nonbank financial institutions has become more clearly defined. D) All of the above are true. E) Only A and B of the above are true.