A major reason for the development of money market mutual funds in the 1970s was that:
a. open-market operations were suspended
b. bank deposit rates were capped at levels below market interest rates.
c. money market funds offered more flexible checking privileges than banks.
d. they were considered to be safer than banks.
e. money markets did not exist until 1970.
b
Economics
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An industry is said to be a natural monopoly when
a. legal barriers limit entry into the market. b. diseconomies of scale are present in the market. c. the market demand for the product supplied by a firm is inelastic. d. long-run ATC continues to decline as firm size increases. e. larger firms have higher per-unit costs than their smaller rivals.
Economics
Firms seek to maximize:
A. per unit profit. B. total revenue. C. total profit. D. market share.
Economics