Which of the following statements is incorrect with respect to the 1980s?
A) Corporate financing migrated from the short-term bank loan market to the commercial paper market.
B) Money market funds could offer transactions services coupled with a diversified money market investment vehicle at very low costs because of advances in computer technology.
C) Specialized monitoring services of commercial banks became more important because of new asset valuation models.
D) Innovations in information technology made some small borrowers more "bankable."
C
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Bonds sales to finance World War II (1941–45)
(a) helped finance the government's current budget deficits. (b) helped finance, manage and eventually pay down the private debts accumulated during World War I (1914–18). (c) were loans the U.S. government made to individuals in its private sector. (d) led to higher interest rates and decreased private spending and investment.
Refer to Figure 10.3. Inflation increases most rapidly as the economy moves from
A. AD2 to AD3. B. AD3 to AD2. C. AD2 to AD1. D. AD1 to AD0.