The banking industry in the U.S.has faced increased competition

Question

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Money market mutual funds compete with banks on the liability side of the balance sheet by offering higher interest rates on deposits, thus drawing funds away from banks. Commercial paper market offers companies an alternative to bank loans, which affects banks' profitability on the asset side of their balance sheets. Therefore, increased competition on both the liability side from money market mutual funds and on the asset side from the commercial paper market has affected the banking industry in the U.S.

The Banking Industry in the U