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cap 4 2.Competition does little to keep banks safe, because the public is not expert enough to evaluate a bank's claim that it is safe.
cap 4
2."Competition does little to keep banks safe, because the public is not
expert enough to evaluate a bank's claim that it is safe. Without government
regulation, the public would have no credible assurance of
bank solvency and liquidity." True or false? Explain.
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