Loophole mining refers to financial innovation designed to
A) hide transactions from the IRS.
B) conceal transactions from the SEC.
C) get around regulations.
D) conceal transactions from the Treasury Department.
Correct Answer:
Verified
Q68: Disintermediation resulted from
A)interest rate ceilings combined with
Q69: In order to compete with changing market
Q70: The experience of disintermediation in the banking
Q71: The most important developments that reduced banks
Q72: Money market mutual funds
A)function as interest-earning checking
Q74: Financial innovation has caused
A)banks to suffer declines
Q75: Banks responded to disintermediation by
A)supporting the elimination
Q76: Sweep accounts
A)have made reserve requirements nonbinding for
Q77: In September 2008,the Reserve Primary Fund,a money
Q78: Prior to 2008,bank managers looked on reserve
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