In the 1970s,U.S.consumers transferred their deposits from accounts in banks and thrifts to money market mutual funds because money market mutual funds:
A)were more liquid.
B)were less risky.
C)paid higher interest rates.
D)were guaranteed for a larger amount.
E)were more liquid and paid higher interest rates.

Question

Quizplus · Accepted Answer

Money market mutual funds paid higher interest rates than banks and thrifts, which led to consumers transferring their deposits to these funds.