The US Securities and Exchange Commission Has Designated Just Nine Credit-Rating

question 162

Multiple Choice

The U.S. Securities and Exchange Commission has designated just nine credit-rating agencies as nationally recognized statistical rating organizations, which include Moody's, Standard & Poor's, and Fitch Ratings. These agencies provide opinions on the creditworthiness of other entities and the financial obligations issued by them. Because so few companies can compete in it, the credit-rating industry would be considered a(n)

• A) mega monopoly.
• B) oligopoly.
• C) pure competition.
• D) monopolistic competition.
• E) pure monopoly.

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Definitions:

Codes

Systems of symbols, letters, or words used for communication, encryption, or representing information according to rules.

Legal Protection

The safeguarding of an individual's rights and properties through the implementation of laws and regulations.

Medical Record

A comprehensive document containing a patient's medical history and personal information.

Objective Statement

A concise and clear declaration of the goals or intent, often seen at the beginning of resumes.