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Chapter 3: 3DQ (page 247)

How have new banking laws influenced competition?

Short Answer

Expert verified

The new banking laws have increased the competition in the banking market.

Step by step solution

01

Meaning of banking regulations

The banking regulations refer to the regulations passed by the government in regard to the banking business. These regulations ensure that the banks are operating in an efficient and transparent manner.

02

The impact of new banking laws on competition

The new banking laws have increased the competition and also allowed them to expand their business across states. This has resulted in a more competitive and larger banking market. The number of mergers between banks has also increased.

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