The Clayton Anti-Trust Act created the _________________ to "prevent the unlawful suppression of competition."
A)Federal Open Market Committee
B)Securities Exchange Commission
C)Federal Trade Commission
D)Federal Board of Trade

Question

Quizplus · Accepted Answer

The Clayton Anti-Trust Act, passed in 1914, created the Federal Trade Commission (FTC) to enforce the Act's provisions and prevent the unlawful suppression of competition in the marketplace. The FTC is responsible for investigating and preventing anticompetitive business practices such as price-fixing, monopolies, and unfair trade practices. A and D are incorrect choices because there is no such thing as the Federal Open Market Committee or Federal Board of Trade. B is also incorrect because the Securities Exchange Commission was not created until 1934 to regulate the stock market and protect investors.

The Clayton Anti-Trust Act Created the _________________ to "Prevent the Unlawful