Which of the following has proven to be strong competition for bank deposit and transaction account products?
A)Commercial paper market.
B)Money market mutual funds.
C)Finance company business credit.
D)Hedge funds.
E)None of the options.

Question

Quizplus · Accepted Answer

Money market mutual funds have proven to be strong competition for bank deposit and transaction account products as they offer higher interest rates with comparable liquidity and convenience. They also provide a greater range of investment options and potential for higher returns.

Which of the Following Has Proven to Be Strong Competition