One provision of the Dodd-Frank Act was creation of the Financial Stability Oversight Council
This council is charged with identifying nonbank financial companies that could increase the risk of collapse of the entire financial system. This risk is called
A) market risk.
B) systemic risk.
C) diversifiable risk.
D) enterprise risk.
Answer: B
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Every agency must report the total number of closed meetings, reasons for the closed
meetings, and all related litigation to Congress: a. monthly b. quarterly c. semi-annually d. annually
Holiday DeCor Company is insured by a commercial general liability policy (CGL). Holiday DeCor rented a storage facility for one month to store some excess inventory
While visiting the storage facility, a Holiday DeCor employee discarded a cigarette. The resulting fire severely damaged the storage facility. Which statement is true regarding coverage of this damage under the CGL? A) There is no coverage as the damage occurred at a rented premises. B) There is no coverage because property damage liability is excluded. C) The damage is covered under the fire legal liability coverage. D) There is no coverage because an employee of Holiday DeCor caused the loss.