One Negative Consequence of Regulatory Competition Is

question 90

Multiple Choice

One negative consequence of regulatory competition is:

• A) it is expensive.
• B) financial institutions are over regulated at a cost to customers.
• C) financial institutions often seek out the most lenient regulator.
• D) it minimizes competition.

---

Definitions:

Judgment Debt

An obligation arising from a court's final decision requiring a debtor to pay a sum of money to the creditor.

Personal Property

Assets or possessions that are movable and not permanently fixed to one location, unlike real property or real estate.

Creditor's Judgment

A legal decision awarded to a creditor, granting them the right to collect a specified amount of money from a debtor who has failed to fulfill their financial obligations.

Homestead Exemption

A legal provision that protects the value of a home from property taxes, creditors, and circumstances arising from the death of the homeowner's spouse.