The most important developments that reduced banks' income advantages include
A. the increase in off-balance sheet activities.
B. the growth of securitization.
C. the elimination of Regulation Q ceilings.
D. the competition from money market mutual funds.
Answer:B
The most important developments that reduced banks' income advantages include
A. the increase in off-balance sheet activities. B. the growth of securitization. C. the elimination of Regulation Q ceilings. D. the competition from money market mutual funds.