Describe the four stages of the financial regulatory pattern
What will be an ideal response?
The first stage is a crisis in the financial system. The second stage is when the government steps in to end the crisis through regulation. The third stage is the response of the financial system, typically in the form of changes and innovation in the activities of financial institutions. The fourth is the regulatory response as regulators adapt policies to efforts to circumvent regulatory restrictions.
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Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start her own florist business. Her business expenses are $14,000 per year on rent, $21,000 per year on supplies, and $9,000 per year on part time hel
A) $104,000 B) $86,000 C) $62,000 D) $44,000
Which of the following is a thrift institution?
i. a credit union ii. the Fed iii. a savings bank A) i only B) ii only C) iii only D) Both i and iii E) i, ii, and iii