Why Have Depository Institutions Been Regulated

question 37

Multiple Choice

Why have depository institutions been regulated?

• A)because the failure of a depository institution has system-wide repercussions
• B)because all industries in the economy are highly regulated
• C)because in the past, depository institutions have made outlandish profits
• D)All of the above are correct.

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Definitions:

Hidden Curriculum

The implicit teachings and norms conveyed in educational environments that are not part of the formal curriculum.

Meritocracy

A system in which advancement and rewards are based on individual merit, abilities, and achievements rather than on social class or other factors.

Hidden Curriculum

The undeclared and accidental knowledge, including beliefs and attitudes, that students gain while attending school.

Non-Compliance

The act of not following or being in accordance with rules, regulations, or orders.