Which of the following is true of financial institutions? A. Financial institutions are the regulators of interest rates and other returns in financial markets. B. Financial institutions are accountable and responsible in reporting financial information for publicly-traded corporations. C. Financial institutions are required by the Sarbanes-Oxley Act to disclose the environment-friendly measures taken by investment corporations.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 5MC: Which of the following is not one of the five primary responsibilities of the Securities and...
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Which of the following is true of financial institutions?

A. Financial institutions are the regulators of interest rates and other returns in financial markets.

B. Financial institutions are accountable and responsible in reporting financial information for publicly-traded corporations.
C. Financial institutions are required by the Sarbanes-Oxley Act to disclose the environment-friendly measures taken by investment corporations.


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