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The invention of the computer is the major Eactor behind the decline of the banking industry
The invention of the computer is the major Eactor behind the decline of the banking industry.11 Is this statement true1 false? or uncertain? Explain your answer. Q? Ch 11 (15%} "if in?ation had not risen in the l???? and l?T?s. the banking industry might be healthier today." Is this statement true... false, or uncertain? Ehcplain your answer. Q3 Ch I1 {20%} Go to the St. Louis Federal Reserve F RED database? and ?nd data on the level of money market mutual fund assets {MMMFFAQUETS}. Download the data into a spreadsheet. a. When did assets start entering money market mutual funds? What 1was the total worth of assets in money market mutual funds at the end of 19TH"? b. For each decade period1 calculate the total percentage change in assets from the be ginning of the decade to the end of the decade: l????i 1990121; 1990:Q1 Z????l; EQUEQI E?l??l. For each decade period, divide the total percentage change by 1D to get the average yearly percentage increase. Which decade had the largest average yearly growth in money market mutual funds? c. Calculate the growth rate from the most recent quarter of data available to the same quarter a year prior. How does this growth rate compare to the highat average yearly growth rate for the decades from part [b]?
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