Which of the following statements concerning money market deposit accounts is NOT true?
A) They were not subject to Regulation Q ceilings.
B) They are not covered by federal deposit insurance.
C) They are not subject to reserve requirements.
D) They generally pay higher interest rates than other bank deposits available to small depositors.
Correct Answer:
Verified
Q39: The development of money market mutual funds
Q40: Regulation Q was intended to
A)maintain banks' profitability
Q41: Negotiable order of withdrawal accounts
A)are available only
Q42: Banks responded to their loss of borrowers
Q43: The Garn-St. Germain Act aided savings institutions
Q45: When did Regulation Q finally disappear?
A)1934
B)1945
C)1986
D)2000
Q46: A credit crunch refers to a
A)sharp rise
Q47: In an overnight Eurodollar transaction
A)foreign governments borrow
Q48: The loss of business to the commercial
Q49: Which of the following is NOT true
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