- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 10. Economics of Regulation
- Subject 1. Economic Rationale for Regulation
CFA Practice Question
Which law defines rights and duties of entities?
B. Substantive law.
C. Procedural law.
A. Judicial law.
B. Substantive law.
C. Procedural law.
Correct Answer: B
A procedural law is the "machinery" for enforcing those rights and duties.
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