Which of the following is incorrect.
A) banks are regulated to prevent large scales failures
B) bank regulations are standardized among the major trading nations
C) the immediacy of payment of bank deposits creates an inherent tendency for bank runs
D) Banks are private, profit seeking organizations

Question

Quizplus · Accepted Answer

Bank regulations vary significantly among different countries, reflecting differences in history, policy, and financial systems. While there is some effort towards international standards, such as those set by the Basel Committee on Banking Supervision, regulations are not fully standardized among major trading nations.

Which of the Following Is Incorrect