Celastila Moonn, a GLBAAF 301 student at UMB, made the following statements after finishing the week four readings. Statement 3: The layers of regulation imposed on banks to protect depositors against bank failure are termed credit allocation regulations. Statement 4: The difference between the private costs of regulations and the private benefits for the producers of financial services is called the net regulatory burden. Moonn is incorrect with respect to A. Statements 4 B. Stament 3 C. Both statements 3 and 4