📊 Financial Markets and Institutions
Q. The regulation of the banking industry is of particular importance in modern economies because:
  • (A) banks are large and very profitable.
  • (B) everyone in the economy has a bank account.
  • (C) banks employ many people.
  • (D) banks provide the principal means of payment for the economy.
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✅ Correct Answer: (D) banks provide the principal means of payment for the economy.

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