The most important developments that reduced banks cost advantages include
A. the growth of the junk bond market.
B. the competition from money market mutual funds.
C. the growth of securitization.
D. the growth in the commercial paper market.
Answer:B
The most important developments that reduced banks cost advantages include
A. the growth of the junk bond market. B. the competition from money market mutual funds. C. the growth of securitization. D. the growth in the commercial paper market.