Unit 2 Money and Regulation 122 Check Your Banking IQ Before you begin this chapter, see what you already know about banking by taking the chapter pretest. www.g-wlearning.com/fi nance/ Scan the code to view a Biz Kid$ video. If you do not have a smartphone, visit the G-W Learning companion website. www.g-wlearning.com/fi nance/ College and Career Readiness 6 Regulations have a major impact on how banks are managed, how they deal with customers, the types of products they can offer, and the amount of risk they can take on. Compared to most industries, banking is heavily regulated. In banking, as in other industries, regulations often follow a crisis. Laws are passed to try to avoid the same mistakes that caused the crisis. Bank regulations are meant to prevent bank failures and protect bank customers, while allowing banks to be competitive. Bank Regulations Section 6.1 Banking Regulations Section 6.2 Consumer Regulations Section 6.3 Recent Banking Reading Prep. As you read the chapter, think about the advantages and disadvantages of banking regulations. Do you think regulations help or hurt the banking industry? Use examples from the text to support your opinion.