*The very low interest rates following the financial crisis of 2007-2009 resulted in:

A.

further declines in checking accounts that began in early 1970s.

B.

many people moving their funds from CDs and money marketaccounts to checking accounts in order to have more liquidity without sacrificing much interest.

C.

people switching their funds from checking deposits to CDs in the pursuit of higher interest rates.

D.

funds being transferred from checking accounts to time deposits.

*Finance companies

A.

raise funds in financial markets to lend to households and firms.

B.

take in deposits from savers and make loans to borrowers.

C.

raise funds by selling stock to pension funds.

D.

issue bonds and use the proceeds to purchase stock.

*One of the Securities and Exchange Commissions main goals is to:

A.

reduce information asymmetries.

B.

set short-term interest rates.

C.

ensure maximum returns to shareholders.

D.

underwrite IPOs.