Which Statement Explains What Has Happened to Federal Oversight of the Financial

question 39

Multiple Choice

Which statement explains what has happened to federal oversight of the financial industry since the 1980s?

• A)Interest groups have lined up in opposition to the financial industry,leading to several waves of new regulations.
• B)Congress has generally delivered whatever the financial industry wanted,repealing laws and rolling back safeguards.
• C)Presidents have generally had an adversarial relationship with the financial industry,pushing successfully to tighten regulations.
• D)Citizens have generally pushed back against legislation tightening restrictions on the financial industry,and Congress has responded by heavily deregulating the industry.

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Definitions:

Activity Variance

The difference between planned activity levels and actual activity levels, used for budgeting and planning purposes.

Refurbishing Materials

Materials used in the process of cleaning, repairing, and updating products to a like-new condition, often part of a business strategy to offer sustainable or cost-effective options to customers.

Fixed Cost

Expenses that do not change in total over the short term, regardless of the level of production or sales volume.

Flexible Budget

A flexible budget adjusts based on changes in the volume of activity or other relevant factors. It allows for a more accurate comparison of budgeted versus actual costs under varying levels of activity.