Why is the financial system so highly regulated?
Question:
Why is the financial system so highly regulated?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
The regulation is needed to protect consumers from abuses by ...View the full answer
Answered By
Shadrack Mulunga
I am a Biochemistry by profession. However, I have explored different fields of study. My quest to explore new fields has helped me gain new knowledge and skills in Business, clinical psychology, sociology, organizational behavior and general management, and Project Management. I count my expertise in Project management, in particular, creation of Work Break Down Structure (WBS) and use of Microsoft Project software as one of my greatest achievement in Freelancing industry. I have helped thousands of BSC and MSC students to complete their projects on time and cost-effectively using the MS Project tool. Generally, I find happiness in translating my knowledge and expertise to success of my clients. So far, i have helped thousands of students to not only complete their projects in time but also receive high grades in their respective courses. Quality and timely delivery are the two key aspects that define my work. All those who hired my services always come back for my service. If you hire my services today, you will surely return for more. Try me today!
5.00+
154+ Reviews
289+ Question Solved
Related Book For
Financial Institutions, Markets And Money
ISBN: 1704
12th Edition
Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias
Question Posted:
Students also viewed these Business questions
-
Briefly explain why the financial system is one of the most highly regulated sectors of the economy.
-
Why are FIs regulated?
-
For 50 years prior to this case, India had placed complex restrictions on the import of agricultural, industrial, and consumer goods from other countries. Goods placed on the "negative list" could...
-
Top executive officers of Preston Company, a merchandising firm, are preparing the next years budget. The controller has provided everyone with the current years projected income statement. Current...
-
Suppose that you buy a stock for $48 by paying $25 and borrowing the remaining $23 from a brokerage firm at 8 percent annualized interest. The stock pays an annual dividend of $0.80 per share, and...
-
DE 10-3 A lessee (who is renting an asset such as a building) makes periodic lease payments to the lessor (who owns the building). The lessee does not have a legal title to the building....
-
Seeking Assistance from the Consumer Credit Counseling Service. Visit a local office of the Consumer Credit Counseling Service. What assistance can debtors obtain from this office? What is the cost...
-
Keepsake Heirlooms, Inc. manufactures personalized baby quilts. An experienced embroiderer can personalize 10 quilts per hour. Because the repetitive nature of the sewing can lead to carpal tunnel...
-
Possible Misstatements Due to Errors and Fraud Auditing Procedure(s) 1. The auditor suspects that a kiting scheme exists because an accounting department employee who can issue and record checks...
-
The Customer Support Department at Wadsworth Supply is analyzing the costs of its services. A cost analyst has collected monthly data on the three main functions of the department and the total costs...
-
Explain the adverse selection problem. How can lenders reduce its effect?
-
Describe two recent high profile ethical failures in finance. How do ethical failures impact the financial services industry and the economy as a whole?
-
Ask 20 of your friends about their online social media usage, specifically whether or not they use Facebook, Instagram, and Snapchat; how often they use each social media portal; and their overall...
-
1. How can the use of MRP contribute to profitability? 2. What are some of the unforeseen costs of ERP implementation? Discuss.
-
The COVID-19 pandemic resulted in strains on the healthcare supply chain. Discuss why supply chain management (SCM) is important to healthcare organizations. Furthermore, explain how healthcare...
-
Financial reporting quality relates to the quality of the information regarding the financial wellbeing of a firm that is contained in financial reports, including note disclosures. The quality of...
-
Exercises: Situational questions. Each answer must be supported by a legal basis. 1. What is the difference when an employee was dismissed for just cause than he was dismissed for an authorized...
-
In international trade, what is the difference between a contracted agent in a foreign country and a contracted distributor?What are some of the key issues that can arise in the relationship between...
-
Find the limit L. Then use the - definition to prove that the limit is L. lim x5 9
-
Give the products of the following reaction, where T is tritium: dioldehydrase Ad- CH CH3C-COH CoIII) coenzyme B12
-
Valerie Apparel Lines (VAL) has 100 million shares of common stock outstanding and the company is electing seven directors by means of cumulative voting. If a group of minority shareholders controls...
-
Arbuckle Corporation is selling two million shares of common stock in its initial public offering (IPO). The companys investment banker, Jones Securities, will offer the stock to the public at $15...
-
Briefly describe the role of the NYSE specialists. How does this role differ from that of a dealer?
-
Flexible manufacturing places new demands on the management accounting information system and how performance is evaluated. In response, a company should a. institute practices that reduce switching...
-
Revenue and expense items and components of other comprehensive income can be reported in the statement of shareholders' equity using: U.S. GAAP. IFRS. Both U.S. GAAP and IFRS. Neither U.S. GAAP nor...
-
Kirk and Spock formed the Enterprise Company in 2010 as equal owners. Kirk contributed land held an investment ($50,000 basis; $100,000 FMV), and Spock contributed $100,000 cash. The land was used in...
Study smarter with the SolutionInn App