The Most Important Developments That Have Reduced Banks' Income Advantages

question 21

Multiple Choice

The most important developments that have reduced banks' income advantages in the past twenty years include

• A) the growth of the commercial paper market.
• B) the growth of the junk bond market.
• C) the elimination of Regulation Q ceilings.
• D) all of the above.
• E) only A and B of the above.

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Definitions:

Dys-

A prefix in medical terms indicative of abnormal, difficult, or painful conditions.

Diagnosis

The identification of the nature of an illness or other problem by examination of the symptoms.

Nulli-

A prefix that denotes none or without, often used in medical terms to denote the absence of certain experiences or conditions.

Concentrate

To increase the strength or proportion of a substance by reducing its volume, typically by evaporation or by removing water.