A 1980 Study of Regulatory Structure Suggests That, in Comparing

question 9

Multiple Choice

A 1980 study of regulatory structure suggests that, in comparing IRCs and DRAs, the following statements are true except

• A)the DRAs' political environment is more supportive of regulation.
• B)DRAs operate with less discretion than do IRCs.
• C)DRAs usually are designed to regulate in the interests of those being regulated.
• D)DRAs usually have other, nonregulatory functions.

---

Definitions:

Secured Interest

An interest in personal property or fixtures that secures payment or performance to a creditor.

Personal Property

Tangible, movable objects.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States.

Perfection

The series of legal steps a secured party takes to protect its right in the collateral from the other creditors who want their debt returned through the same collateral.