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Which of the following statements best describes the enactment of financial regulations?

States recommend regulatory changes to Congress and those recommendations are generally enacted

Regulations tend to be reactionary and are intended to counter abuses.

Congress attempts to anticipate abuses and enacts laws as a precautionary measure.

Organizations within the financial industry recommend regulations to Congress in anticipation of conditions and those recommendations are generally enacted.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92320683

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