Question

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What are the purposes of financial regulations? Check all that apply.

to make business competitive
to enforce government intervention
to limit and prevent monopolies
to allow businesses to collaborate
to ensure only one business can operate
to place regulations on prices

Answer 1

Answer:

A, C and F

Explanation:

- to make business competitive

- to limit and prevent monopolies

- to place regulations on prices

Answer 2

The purposes of financial regulations are :

1. To make business competitive.
2. To limit and prevent monopolies.
3. To place regulations on prices.

What is financial regulation?

Financial regulations are laws and rules established by relevant financial regulatory body to control the actiivities of  banks, investment firms, and insurance companies.

Hence, the purposes of financial regulations are to make business competitive and place regulations on prices

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