Rising market interest rates in the 1960s and the 1970s, combined with regulated deposit rate ceilings,
A) worked in the short-run to give mortgage-issuing institutions a source of low-cost funds.
B) led eventually to an outflow of deposits from depository institutions.
C) led to financial innovations that worked to avoid these regulations.
D) did all of the above.
E) did only A and C of the above.
D
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