Which of the following is NOT true regarding the Dodd-Frank Wall Street Reform and Consumer Protection Act?
A) Dodd-Frank will bring about a multi-tier system of banks in which the larger banks are highly regulated but the smaller community banks are not.
B) Dodd-Frank created the Financial Stability Oversight Council.
C) Dodd-Frank significantly curtailed certain powers of the Federal Reserve Board.
D) Dodd-Frank consolidated the Securities and Exchange Commission and the Commodity Futures Trading Commission into one agency.
Correct Answer:
Verified
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