NOW accounts: are not subject to ceiling rates under Regulation Q enable deposit
ID: 2635414 • Letter: N
Question
NOW accounts:
are not subject to ceiling rates under Regulation Q
enable depository institutions to compete effectively for funds that were flowing in large amounts to nonblank money market funds
typically pay interest rates equal to that paid by money market funds
all the above
A.are not subject to ceiling rates under Regulation Q
B.enable depository institutions to compete effectively for funds that were flowing in large amounts to nonblank money market funds
C.typically pay interest rates equal to that paid by money market funds
D.all the above
Explanation / Answer
enable depository institutions to compete effectively for funds that were flowing in large amounts to nonblank money market funds-correct answer
B.enable depository institutions to compete effectively for funds that were flowing in large amounts to nonblank money market funds-correct answer
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