One negative consequence of regulatory competition is:
A. financial institutions often seek out the most lenient regulator.
B. it minimizes competition.
C. it is expensive.
D. financial institutions are over regulated at a cost to customers.
Answer: A
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Which of the following statements is CORRECT?
A) A firm does not need to take into account its sunk cost when making current decisions. B) Long-run decisions are easily reversed. C) Short-run decisions are not easily reversed. D) In the long run, a firm can change its plant but not the quantity of its labor.
A consumer's budget line will rotate outward along the vertical axis if:
a. the price of the good on the horizontal axis decreases. b. the price of the good on the vertical axis increases. c. the price of the good on the horizontal axis increases. d. the price of the good on the vertical axis decreases.