Question

The government provides no oversight of financial institutions in most countries. True or False?

Answer 1

Answer: False, the government does oversee the financial institutions in some other countries

Answer 2

Answer:

FALSE

Explanation:

In most countries there are regulatory structures set up by the government to regulate the financial system and maintain economic stability. In addition, governments cooperate to make the regulatory apparatus ever better and more effective. There are treaties and agreements on these issues, the best known being the Basel Accord.