Statement I: the Regulatory Pendulum in the Savings and Loan

question 63

Multiple Choice

Statement I: The regulatory pendulum in the savings and loan industry has begun to swing toward more regulation since the savings and loan debacle.
Statement II: Most financial intermediaries are commercial banks.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Factory System

The factory system is an industrial production method that uses machinery and a systematic approach to manufacturing goods, centralizing workers and machines in a single location.

Market Revolution

A dramatic change in the U.S. economy in the early 19th century, characterized by rapid industrialization, the expansion of internal markets, and the increase in transportation networks.

African-Americans

An ethnic or racial category in the USA comprised of individuals who have ancestral ties to any of the African black racial groups.