Regulation Q was rendered ineffective by the invention of

Name: Regulation Q was rendered ineffective by the invention of
Brand: Quizplus
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Question

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Regulation Q imposed a ceiling on the interest rates banks could pay on deposits, which encouraged savers to move their money to other financial intermediaries that paid higher interest rates. The introduction of money market mutual funds provided such an alternative, and their popularity rendered Regulation Q ineffective.

Regulation Q Was Rendered Ineffective by the Invention of