Which of the following was the fastest-growing financial intermediary of the 1970s?

Question

Quizplus · Accepted Answer

Money market mutual funds were the fastest-growing financial intermediary of the 1970s. They provided individuals and institutions with an easy way to invest in short-term securities like Treasury bills, commercial paper, and certificates of deposit. The growth of money market mutual funds was driven by high interest rates and investors' desire for safe, easily accessible investments.

Which of the Following Was the Fastest-Growing Financial Intermediary of the 1970s