All of the following statements about the Dodd-Frank Act are true, except: Select the correct answer...

All of the following statements about the Dodd-Frank Act are true, except:

Select the correct answer below:

---the Dodd-Frank Act was designed to protect the American taxpayer by promoting government bailouts.

---the Dodd-Frank Act was designed to promote the financial stability by improving accountability in the financial system.

---the Dodd-Frank Act was designed to protect consumers from abusive financial services practices.

---the Dodd-Frank Act was designed to promote the financial stability by improving transparency in the financial system.

Solutions

Expert Solution

---the Dodd-Frank Act was designed to protect the American taxpayer by promoting government bailouts.

Explanation: The Act was established in 2010 after the global financial crisis. The main intention of the Act was to increase government regulations in the financial sector in order to prevent government bailout and financial crisis and to protect the consumers.

Rahul Sunny answered 1 year ago

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