Bank Regulation Exists Because Public Authorities Are Convinced That

question 33

Multiple Choice

Bank regulation exists because public authorities are convinced that

• A)the balance between public interest and safety does not affect profitability, and should be removed from the hands of managers.
• B)the balance between bank profitability and public interest cannot be handled with legislation, but can be handled with regulation.
• C)the balance between bank profitability and safety cannot be left to profit-maximizing managers.
• D)the balance between bank safety and public interest can best be obtained by reliance on the market.

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Definitions:

Great Society

A set of domestic programs in the United States launched by President Lyndon B. Johnson aimed at eliminating poverty and racial injustice.

Accomplishments

Achievements or successes achieved through effort, skill, or courage, often recognized and respected by others.

Failings

The shortcomings or deficiencies in performance, structure, or character, often leading to undesirable outcomes or failures.

Democratic National Convention

A major political event where the Democratic Party of the United States selects its presidential and vice-presidential nominees and establishes party platforms.