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Why the financial system is highly regulated sector

Discuss the below in a 450 minimum words, add citations and references.

Q: Explain why the financial system is one of the most highly regulated sectors of the economy.

Use APA 6th edition.

Book Reference:

Money, Banking and the Financial System 2nd edition R. Glenn Hubbard, Anthony Patrick O'Brien

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Financial Management: Why the financial system is highly regulated sector

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