What is a key characteristic of nonregulatory agencies?

Nonregulatory agencies are typically characterized by their role in administering various programs, which often involve dispensing funds for social welfare purposes. These agencies are focused on providing services rather than regulating specific industries or enforcing regulations like regulatory agencies do. For instance, they may oversee programs that provide financial assistance or social services to individuals or communities, thereby contributing to public welfare.

In contrast, other agencies might primarily focus on legislative functions, such as creating laws or enforcing statutes, which distinguishes them from nonregulatory agencies. The option regarding managing financial markets pertains more to regulatory agencies, which have oversight responsibilities in that area. Thus, the distinctive role of nonregulatory agencies in funding and supporting social programs is central to understanding their function in the administrative landscape.