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:
Verified
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