What is the most important reason financial information is provided by the major regulatory agencies to investors, depositors, and creditors of banks and financial institutions?

a-so they can regulate the banking industry
b-to manage business operations at the bank
c-to manage financial resources
d-to make informed decisions about banks and their financial condition

Answers

Answer 1

Answer:

d. to make informed decisions about Banks and their financial condition.

Explanation:

Financial regulatory agencies are saddled with the responsibility of providing financial supervision and regulations to Banks and financial institutions. They also maintain integrity in the financial system inorder to boost the confidence of investors, creditors, depositors and the general public.

However, one of the major reasons why financial information is provided by the regulatory agencies to investor, creditors and depositors is to make informed decisions about Banks and their financial conditions.

This means that various groups that have interest in Banks and financial institution are kept abreast of happenings in the financial sector of the economy and are able to know which bank and financial institution is healthy in terms of finances and to know where to invest subsequently.


Related Questions

What is customer service and why is it important?

Answers

Answer:

is the fact of taking care of the customer's needs by providing and delivering professional, helpful, high quality service and assistance before, during, and after the customer's requirements are met

Increase the amount of money each customer spends with your business. Increase how often a customer buys from you.

Explanation:

it’s a system where customers can receive help from staff. it’s so important because they can direct customers, and help them in many ways.
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