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The purpose of government regulations regarding disclosure of comparable details in product charges and fees is:____________a. Banks know how much profit they will make from a client. b. Clients can compare information from different institutions to make informed decisions. c. The government can determine how much tax to collect from the transaction. d. None of the above.

Respuesta :

Answer:

The correct answer is letter "B": Clients can compare information from different institutions to make informed decisions.

Explanation:

The government puts special emphasis on regulating institutions' disclosures so that core information on benefits and responsibilities are provided to customers before they enter into a contract. By this, clients will be generally aware of what they are engaging in. Besides, they can compare information among different organizations so they can eventually choose the most convenient according to their needs.

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