Solved

In Reaction to the Financial Meltdown and Severe Recession Between

Question 55

Multiple Choice

In reaction to the financial meltdown and severe recession between 2007 and 2008, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. What does the full name of this act imply?


A) that it intends to change the management of the banks that had to be bailed out
B) that it intends to eliminate the ability of banks to create this type of financial problem in the future
C) that it does not intend to interfere with how the banks are managed
D) that it intends to keep the discount rates high to discourage borrowing
E) that it intends to issue a directive to keep all information regarding derivative products confidential

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents