Thrift Institutions Encountered Serious Difficulties in the 1970s Because

question 123

Multiple Choice

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)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

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