In Order to Compete with Changing Market Conditions in the 1980s,banks

question 125

Multiple Choice

In order to compete with changing market conditions in the 1980s,banks supported legislation to remove interest rate ceilings and to allow banks to pay interest on checking accounts. These actions

• A)lowered transactions costs for banks.
• B)raised the cost of acquiring funds for banks.
• C)made banks less competitive in the financial markets.
• D)raised the income banks received.

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Definitions:

Complementary

Pertaining to two or more components, elements, or sequences that match or enhance each other's properties or functions.

Codon

In an mRNA, a nucleotide base triplet that codes for an amino acid or stop signal during translation.

Nucleotide Bases

Organic molecules that serve as the building blocks of nucleic acids like DNA and RNA, consisting of adenine, thymine, cytosine, guanine, and uracil in RNA.

Methionine

Methionine is an essential amino acid used in the biosynthesis of proteins, important for the body's metabolism and cannot be synthesized by the human body.