One factor contributing to the decline in cost advantages that banks once had is the decline in the importance of checkable deposits from over ________ percent of banks' source of funds to ________ percent today.

Question

Quizplus · Accepted Answer

The decline in the importance of checkable deposits is significant from over 60% to just 5%. This decline has contributed to the decline in cost advantages that banks once had. Option A is incorrect as 70-30 is not a significant decline considering the context. Option C is closer, but the decline is more than 50% which is not reflected in the answer. Option D is also closer, but the decline is more than 60% and just 15% of checkable deposits as a source of funds is still not significant enough to explain the decline in cost advantages.

One Factor Contributing to the Decline in Cost Advantages That