The USSecurities and Exchange Commission Has Designated Just Nine Credit-Rating Agencies

question 161

Multiple Choice

The U.S.Securities and Exchange Commission has designated just nine credit-rating agencies as "nationally recognized statistical rating organizations" (NRSROs) ,which include Moody's,Standard & Poor's,and Fitch Ratings.These agencies provide opinions on the creditworthiness of other entities and the financial obligations issued by them.Because so few companies can compete in it,the credit-rating industry would be considered a(n)

• A)mega monopoly.
• B)oligopoly.
• C)pure competition.
• D)monopolistic competition.
• E)monopoly,

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Definitions:

Similar Stocks

Stocks of companies operating in the same industry or sector, often exhibiting similar price movements and trends.

Anticipated

The expected occurrence or expectation of an event, often used in the context of financial forecasts or income.

Annually

Occurring once every year or relating to a period of one year.

Annually

Annually means once every year.