问题如下:
The government of a country whose financial markets are in an early stage of development has hired you as a consultant on financial market regulation. Your first task is to prepare a list of the objectives of market regulation. Which of the following is least likely to be included in this list of objectives?
选项:
A.Minimize agency problems in the financial markets.
B.Ensure that financial markets are fair and orderly.
C.Ensure that investors in the stock market achieve a rate of return that is at least equal to the risk-free rate of return.
解释:
C is correct.
Ensure that investors in the stock market achieve a rate of return that is at least equal to the risk-free rate of return is least likely to be included as an objective of market regulation. Stocks are risky investments and there would be occasions when a stock market investment would not only have a return less than the risk-free rate but also a negative return. Minimizing agency costs and ensuring that financial markets are fair and orderly are objectives of market regulation.
请问 A 是什么意思,agency 这个好像没有在强化串讲里看到,为什么是正确 的呢?