One factor contributing to the decline in cost advantages that banks once had is the
A)decline in the importance of checkable deposits from over 60 percent of banks' liabilities to 11 percent today.
B)decline in the importance of savings deposits from over 60 percent of banks' liabilities to under 15 percent today.
C)decline in the importance of checkable deposits from over 40 percent of banks' liabilities to 15 percent today.
D)decline in the importance of savings deposits from over 40 percent of banks' liabilities to under 20 percent today.

Question

Quizplus · Accepted Answer

The decline in the importance of checkable deposits from over 60 percent of banks' liabilities to 11 percent today has reduced the cost advantages banks once had, as these deposits are a low-cost source of funds for banks.

One Factor Contributing to the Decline in Cost Advantages That