Longer the primary source of funds for commercial banks

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Reference no: EM131872119

Why are checking accounts no longer the primary source of funds for commercial banks in the United States?

Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click twice to empty the box.

Financial innovations have reduced their importancechecked

Checking accounts pay little or no interestchecked

They are a low-cost source of funds for banks, but a high-return investment for depositorsunchecked

They are a low-cost source of funds for banks, but a low-return investment for depositors.

Reference no: EM131872119

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