Word: mutually
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Dates: during 1970-1979
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...preserve capital in a time of double-digit inflation and depressed stock prices? Frustrated savers and unhappy investors are turning to the same solution. In record amounts, Americans are buying into the relatively new money market mutual funds. They offer minimum risk and yields of 10% to 13%, double or more the low rates set by the Government on passbook savings accounts...
...this money market is hardly new, but the minimum stakes are so hefty that trading used to be done only by rich people, corporations and institutions looking to park their idle cash. This discrimination has been ended by the swelling number of money funds that have been formed by mutual fund companies and brokerage firms to pool small investors' assets. Since the returns rise along with surging interest rates-and the highest bank prime lending rate rose to 15¼% last week-money market funds are booming. About 75 such funds now handle nearly $40 billion in assets...
...outflow from mutual savings banks in September hit $1 billion, a record for that month. Some banks are so pressed for funds that they have stopped making mortgage loans. Federal bank officials are sufficiently worried that they are preparing contingency plans to rescue any troubled institutions...
...discuss matters of mutual concern to Harvard and Radcliffe and help resolve any problems that may exist in achieving the purposes of this agreement...
...night of the interview Dr. Motlana arrived with his son Karabo, a university student. As if by mutual agreement, niceties were dispensed with and we tackled issues that kept us talking well into the night...