The Fourth Period of Major Regulatory Change Which Started in the 1970s

question 17

Multiple Choice

The fourth period of major regulatory change which started in the 1970s focused on the ________.

• A) introduction of social regulation
• B) introduction of economic deregulation to several industries
• C) extension of regulation to labor markets and industries
• D) regulatory bodies at the state level and extension to federal level

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Definitions:

Used Cars

Vehicles that have been previously owned and used, typically sold through various outlets including private sales, dealerships, and auctions.

Consumer Financial Protection Bureau

A U.S. government agency responsible for ensuring consumer protection in the financial sector, including mortgages, credit cards, and student loans.

Federal Consumer Financial Regulatory System

This system comprises federal laws and agencies tasked with regulating financial products and services to protect consumers from unfair, deceptive, or abusive practices.

Office of the Comptroller

The Office of the Comptroller is a government agency responsible for overseeing the execution of government or corporate financial policies and procedures.