Thrift institutions encountered serious difficulties in the 1970s because:
A)money market mutual funds became serious competitors for their deposits.
B)the U.S.Treasury deposited larger sums of money than the thrift institutions could effectively manage.
C)the interest rates they had to pay on deposits began to fall.
D)each of the largest banks increased the pressure on the thrifts by building a nationwide network of branch banks.
E)the FDIC increased the reserve requirement for thrifts.

Question

Quizplus · Accepted Answer

Money market mutual funds became serious competitors for thrift institutions' deposits, reducing their ability to attract funds and causing difficulties for them in the 1970s.

Thrift Institutions Encountered Serious Difficulties in the 1970s Because