Light Touch Regulation of the ?Nancial Services Sector Was Encouraged

question 91

True/False

Light touch regulation of the ?nancial services sector was encouraged in order to increase liquidity in the economy and spur innovation in ?nancial instruments.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market equilibrium.

Complement

A good or service that is used together with another good or service, increasing the value of both.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded, achieving market balance.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where demand and supply are equal.