Which of the Following Are Reasons That Banks Are So

question 31

Multiple Choice

Which of the following are reasons that banks are so heavily regulated?

• A)Governments are concerned about the safety of deposits.
• B)The industry is a principal determinant of aggregate demand.
• C)Bank failures are contagious.
• D)All of the above are correct.

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Definitions:

Duplication of Effort

The unnecessary repetition of work or tasks, often leading to wasted resources and time.

To-Do List

A list of tasks or activities that need to be completed, often organized in order of priority.

Perfectionistic Type

An individual who strives for flawlessness, setting excessively high performance standards accompanied by overly critical self-evaluations and concerns regarding others' evaluations.

Workaholic

A person who compulsively works excessively hard and long hours, often to the detriment of their personal life.