Which of the following statutes was established to reform financial regulation and prevent a recurrence of the 2007-2008 financial crisis?

A. The Sarbanes-Oxley Act
B. The Uniform Securities Act
C. The International Emergency Economic Powers Act
D. The Dodd-Frank Act

Answer: D. The Dodd-Frank Act

Business

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Hometown Bank has made a significant number of loans to their customers, some of which have been very large. An audit of the bank’s records shows that as a result of this increased lending activity, the bank is now below the Federal Reserve’s minimum reserve requirement. The Fed lends the bank the amount necessary to bring its reserves up to the required level. Even though Hometown Bank is borrowing the money from the Fed, it will still have to pay interest on this money. The interest rate that is paid to the Fed on this loan is the ________.

Business

________ includes objections due to proposed contract completion time, quality of goods and services offered, purchase volume, product safety, and responsibility for financing, risk taking, promotion, and title

A) Psychological resistance B) Logical resistance C) Price sensitivity D) Relationship inertia E) Reactance

Business