Which of the following is NOT a reason that credit ratings agencies became more relevant beginning in the late 1970s?
A) the number of bond defaults rose due to periods of recession and inflation
B) rating agencies began to charge investors for their services
C) governments began to include bond ratings in their regulation of banks, mutual funds, and other financial firms
D) rating agencies began to rate bonds issued by foreign governments and firms
B
You might also like to view...
Which event in business regulatory history permitted government intervention in industry affairs?
(a) The case of Munn v Illinois (1877) (b) The Sherman Act of 1890 (c) The case of Nebbia v New York (1934) (d) The creation of the Interstate Commerce Commission via the Interstate Commerce Act of 1887
Which of the following observations is true?
a. Environmental damage can be reduced to zero. b. Pollution results from a price mechanism malfunction. c. Charging those who emit pollution is not a way of dealing with pollution problems. d. Public interest requires pollution be maintained at its free-market level.