Examlex
Which of the following is a positive area identified in the 2008 IFAC report "Financial Reporting Supply Chain-Current Perspectives and Directions"?
Moral Hazard
A situation in which one party engages in risky behavior knowing that it is protected against the consequences, often because another party bears the cost of those actions.
Deposits Insured
A guarantee by a government or private entity that deposits in banks and financial institutions will be protected up to a certain limit in case of bank failure.
Banker's Lobbying
The efforts made by banks and financial institutions to influence lawmakers and regulators in favor of policies beneficial to their interests.
Subprime Mortgage
Mortgage for a borrower with a not-so-good credit rating.
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