Low levels of interest rates in the late 1990s forced banks to increase profitably by:
A) reducing the size of the bank's loan portfolio
B) making investments in stocks and bonds
C) increasing fee income
D) raising the efficiency ratio

Question

Quizplus · Accepted Answer

Banks increased fee income by introducing or raising fees for various services to compensate for the lower interest income due to low interest rates.

Low Levels of Interest Rates in the Late 1990s Forced