Supervision and Regulation of the Financial System

question 16

Multiple Choice

Supervision and regulation of the financial system

• A)defines which activities are permissible and which are not.
• B)requires submitting bank merger applications to the Fed for approval.
• C)ensures that consumers are treated fairly when they engage in financial activities.
• D)All of the above are correct.

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Definitions:

Compulsions

Repetitive behaviors or mental acts that an individual feels he or she must perform.

Avoidant Personality Disorder

A disorder characterized by a long-standing pattern of extreme shyness, feelings of inadequacy, and sensitivity to rejection, leading to social inhibition and avoidance of social interactions.

Genetics

The study of genes, genetic variation, and heredity in living organisms; explaining how traits and characteristics are passed from one generation to the next.

Obsessive-Compulsive Disorder

A chronic disorder where a person has uncontrollable, reoccurring thoughts (obsessions) and behaviors (compulsions) that he or she feels the urge to repeat over and over.