Negotiable certificates of deposit were developed in order to
A) compete for loan business that had been going to the commercial paper market.
B) circumvent interest rate regulations on deposits.
C) increase assets that were acceptable as collateral for discount loans.
D) circumvent reserve requirements.
Correct Answer:
Verified
Q51: During the 1980s banks lost loan business
Q52: Which sector of the economy was hurt
Q53: Large commercial banks responded to the Credit
Q54: In a repurchase agreement, a corporation
A)agrees to
Q55: Disintermediation refers to the
A)failure of financial intermediaries
Q57: What was the main reason Congress passed
Q58: NOW accounts were developed in order to
A)circumvent
Q59: An ATS account
A)converts a corporation's checking account
Q60: Negotiable certificates of deposit differ from demand
Q61: During the early 1980s, Congress relaxed restrictions
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