The Dodd-Frank bill created an agency to monitor markets for asset price bubbles and the buildup of systemic risk. This agency is called the
A)Resolution Trust Authority.
B)Board of Governors.
C)Financial Stability Oversight Council.
D)Macroprudential Supervisory Agency.

Question

Quizplus · Accepted Answer

The agency created by the Dodd-Frank bill to monitor markets for asset price bubbles and the buildup of systemic risk is the Financial Stability Oversight Council (FSOC). The other choices, such as the Resolution Trust Authority and the Macroprudential Supervisory Agency, are not correct names for this agency. The Board of Governors is the main policymaking body of the Federal Reserve System and is responsible for monetary policy.

The Dodd-Frank Bill Created an Agency to Monitor Markets for Asset