When the Political Will for Stringent Command Rules Is Absent,_____

question 59

Multiple Choice

When the political will for stringent command rules is absent,_____ regulation is used.

• A) command-and-control
• B) voluntary
• C) market incentive
• D) required disclosure

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Definitions:

Interest

The cost associated with the right to borrow funds, often represented as a percentage rate per year.

Compounded Semi-Annually

An approach to calculating interest where the interest is added to the principal twice a year.

Loan

The lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, etc.

Amount

The total sum or quantity of something.