In the 1980s, Deregulation Was Based on the Belief That

question 40

Multiple Choice

In the 1980s, deregulation was based on the belief that excessive regulation:

• A) Encouraged the markets to take risks.
• B) Helped banks gain new customers.
• C) Limited the ability of the supply side of the economy to operate efficiently.
• D) Built up momentum on the demand side.

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Definitions:

Maker

A person obligated as the payor on a promissory note. See also comaker.

Bearer Note

A type of fixed-income security that is not registered by the issuer, allowing any holder in possession to collect on it.

Draft

A preliminary version of a document or plan that is subject to revisions or editing.

Holder in Due Course

A legal term referring to a party that has acquired a negotiable instrument, like a check, in good faith and has the right to collect the face value of the instrument without any defenses.