Prior to the financial crisis of 2008-2009, financial regulation in the United States consisted of a _____ system of regulators, which the Dodd-Frank Act sought to improve upon by _____ the number of regulatory bodies.

Question

Quizplus · Accepted Answer

Prior to the financial crisis, financial regulation in the United States was a fragmented system, with multiple regulatory bodies overseeing different aspects of the financial system. The Dodd-Frank Act sought to improve upon this by increasing the number of regulatory bodies, such as creating the Consumer Financial Protection Bureau. Therefore, the correct answer is (C) fragmented; increasing.

Prior to the Financial Crisis of 2008-2009, Financial Regulation in the United