A flexible short-term financial policy:

A) increases the need for long-term financing.
B) minimizes net working capital.
C) avoids bad debts by only selling items for cash.
D) maximizes fixed assets and minimizes current assets.
E) is most appropriate when carrying costs are high and shortage costs are low

In this question, there are no options given. I think you wanted to know whether the statement in question is true or false. Based on this assumption, i am answering the question.It is an absolute true statement that the Fed regulates banks but has little authority over bank holding companies. This fact cannot be denied.