Answered: Which of the following is not a reason…

Which of the following is not a reason for banks to be regulated? a.To protect depositors. b.To achieve social goals. c.To prevent disruption to the economy. d.To ensure profitability.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter2: The Auditor’s Responsibilities Regarding Fraud And Mechanisms To Address Fraud: Regulation And Corporate Governance

Section: Chapter Questions

Problem 7CYBK

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Question

Which of the following is not a reason for banks to be regulated?

a.To protect depositors.

b.To achieve social goals.

c.To prevent disruption to the economy.

d.To ensure profitability.

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