Before the 2008 Financial Crisis, money market mutual funds had competed effectively with traditional banks. Describe the market forces and regulation factors contributing to this development. (word c

Answer both questions independently. If you make inaccurate/irrelevant statements in an answer, the grade of that question will be negatively affected so go straight to the point.

Before the 2008 Financial Crisis, money market mutual funds had competed effectively with traditional banks. Describe the market forces and regulation factors contributing to this development. (word count limit: 300)

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The Financial Crisis Death Spiral is a term describing the feedback effect between liquidity problem and insolvency problem at financial institutions. Briefly describe the process.

(word count limit: 300)