Activity in money markets increased significantly in the late 1970s and early 1980s because of _________
A、rising short-term interest rates.
B、regulations that limited what banks could pay for deposits.
C、both (a) and (b).
D、neither (a) nor (b).
A、rising short-term interest rates.
B、regulations that limited what banks could pay for deposits.
C、both (a) and (b).
D、neither (a) nor (b).
A、stretch
B、courage
C、coach
D、confidence
A、Spot
B、Future
C、Covered
D、Uncovered
A、should have an efficiency advantage in gathering information that would eliminate the need for the money markets.
B、exists primarily to mediate the asymmetric information problem between saver-lenders and borrower-spenders.
C、is subject to more regulations and governmental costs than are the money markets.
D、all of the above are true.
E、only (a) and (b) of the above are true.
A、are usually sold in large denominations.
B、have low default risk.
C、mature in one year or less.
D、are characterized by all of the above.
E、are characterized by only (a) and (b) of the above.
A、short term.
B、money.
C、low risk.
D、very liquid.
A、were not subject to deposit reserve requirements.
B、were not subject to the deposit interest rate ceilings.
C、were not limited in how much they could borrow from depositors.
D、had the advantage of all the above.
E、had the advantage of only (a) and (b) of the above.
A、the money markets have a distinct cost advantage over banks in providing short-term funds.
B、the money markets have a distinct cost advantage over banks in providing long-term funds.
C、banks have a distinct cost advantage over the money markets in providing short-term funds.
D、the money markets cannot allocate short-term funds as efficiently as banks can.
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