Yankee banks rely primarily on deposits for funding and make less use of the money markets to obtain funds.

Name: Yankee banks rely primarily on deposits for funding and make less use of the money markets to obtain funds.
Brand: Quizplus
Rating: 4.9 (43 reviews)

Question

Quizplus · Accepted Answer

Yankee banks, or foreign banks operating in the United States, often rely significantly on money markets for funding due to their limited branch networks in the U.S., which can make it harder to gather deposits compared to domestic banks.

Yankee Banks Rely Primarily on Deposits for Funding and Make