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Question
Money market mutual funds (MMMFs) became popular in the 1970s becausea. MMMF balances were insured by FDIC, unlike bank deposits
b. MMMF were allowed to pay market rates on their balances, while commercial banks faced interest rate ceilings.
c. MMMF balances were more liquid than any bank deposits.
d. All of the above
Answer
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Related questions
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In recent years, know-your-clients (KYC) is required by international financial regulators. In the U.S., what is the act that requires financial institutions to share information about customer identities with appropriate government agencies?
a. The USA Patriot Act
b. The Sarbanes-Oxley Act
c. The 9/11 Act
d. The U.S. Treasury Department Act
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Financial institutions are regulated for the following reason(s):
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Banks are regulated in part to protect the nation's money supply, much of which is a liability of the banking industry.
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The Office of the Comptroller of the Currency (OCC) is the oldest bank regulatory agency.
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A foreign branch office of a U.S. bank is regulated by
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c. the FDIC.
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If a hedge fund manager focused on short-selling of stocks, he/she would
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Q:
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b. aggressive growth funds
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d. income-equity funds
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a. maintaining lines of credit at commercial banks
b. increasing redemption fees
c. working to maintain low NAV
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