Prudential regulation ________
A) requires that banks maintain the confidentiality of loan applications
B) is administered by a specific insurance company
C) is necessitated by the government's safety net for the banking system
D) is an effective substitute for prudential supervision
C
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If an undervalued currency is allowed to float:
A) its value will depreciate. B) its quantity supplied in exchange for the other currency will decrease. C) its quantity demanded in exchange for the other currency will increase. D) its value will appreciate.
The theory of purchasing power parity
A) extends the law of one price to a group of goods. B) assumes that most changes in nominal exchange rates are the result of changes in real exchange rates. C) assumes that inflation rates are roughly the same in most countries. D) was valid only under the gold standard.