The experience of disintermediation in the banking industry illustrates that
A) more regulation of financial markets may avoid such problems in the future.
B) banks are unable to remain competitive with other financial intermediaries.
C) consumers no longer desire the services that banks provide.
D) markets invent alternatives to costly regulations.
Correct Answer:
Verified
Q65: Prior to 1980,the Fed set an interest
Q66: Since 1974,commercial banks importance as a source
Q67: According to Edward Kane,because the banking industry
Q68: Disintermediation resulted from
A)interest rate ceilings combined with
Q69: In order to compete with changing market
Q71: The most important developments that reduced banks
Q72: Money market mutual funds
A)function as interest-earning checking
Q73: Loophole mining refers to financial innovation designed
Q74: Financial innovation has caused
A)banks to suffer declines
Q75: Banks responded to disintermediation by
A)supporting the elimination
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