The statements are - <span>preventing monopolies - </span><span>ensuring that businesses accurately report their earnings - </span><span>keeping prices fair
Financial regulations are created as a form of protection for both producers and consumers. Preventing monopolies will keep the situation fair for the new business to come in and compete, accurate earnign reports will make sure that all business pay their taxes appropriately, and keeping prices fair will ensure that the companies wouldn't take advantage of their customers with overpricing.</span>
It is important because knowing for yourself is much better than leaning on other people, or the internet for support. It would be very hard to have an opinion about something, or even have a conversation without having an understanding of it first.