Which of the following has proven to be strong competition for bank deposit and transaction account products?
A)Commercial paper market.
B)Money market mutual funds.
C)Finance company business credit.
D)Hedge funds.
E)None of the above.

Question

Quizplus · Accepted Answer

Money market mutual funds are a popular alternative to traditional bank deposit and transaction accounts, as they offer higher yields and easier access to funds. Many customers are choosing to invest their money in these funds rather than keeping it in a bank account.

Which of the Following Has Proven to Be Strong Competition