1-34 Regulation of FIs is an attempt to enhance the social welfare benefits and mitigate the social costs of providing FI services.

Question

Quizplus · Accepted Answer

Regulation of FIs is aimed at promoting stability, safety, and soundness of the financial system by protecting the interests of consumers and ensuring the proper functioning of financial markets. This, in turn, is considered to enhance social welfare benefits and mitigate social costs associated with providing FI services.

1-34 Regulation of FIs Is an Attempt to Enhance the Social