Question

In: Economics

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 2 years ago
Next > < Previous

Related Solutions

Which of the following statements is true? Select the correct answer a.NONE OF THE STATEMENTS ARE...
Which of the following statements is true? Select the correct answer a.NONE OF THE STATEMENTS ARE TRUE b.Electric forces depend on velocity of a charged object c.Objects having a net charge experience only electric force, not magnetic force d.It is impossible to separate the North and South poles of a bar magnet e.Electric forces decrease with decreasing distance from charges, but magnetic forces do not decrease with decreasing distance from magnets
All of the following statements about life insurance are true, EXCEPT: Select one: a. Whole life...
All of the following statements about life insurance are true, EXCEPT: Select one: a. Whole life insurance is regarded as permanent insurance and is generally more expensive than term insurance. b. Beneficiaries who receive benefits under life insurance policies after the insured’s death must pay income tax on the death benefits they receive. c. Term life insurance provides temporary protection for a stated number of years, and is frequently renewable. d. The incontestable clause states that the insurer cannot contest...
Explain the good/bad of the Dodd-Frank Act.
Explain the good/bad of the Dodd-Frank Act.
Which of the following statements is true? Select the correct answer below: All companies can afford...
Which of the following statements is true? Select the correct answer below: All companies can afford to provide of cost of living adjustments to their employees. Lenders only provide loans that adjust automatically with inflation. Social Security benefits are not protected against inflation. During inflationary periods, some politicians could becomes less opposed to indexing.
Should the False Claims Act and the Dodd-Frank Act be expanded to cover all frauds? Why...
Should the False Claims Act and the Dodd-Frank Act be expanded to cover all frauds? Why or why not? What are the drawbacks?
Should the False Claims Act and the Dodd-Frank Act be expanded to cover all frauds? Why...
Should the False Claims Act and the Dodd-Frank Act be expanded to cover all frauds? Why or why not? What are the drawbacks?
In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank”) was signed into federal...
In 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank”) was signed into federal law. Under this Act, whistleblowers that bring violations of securities & commodities law, or the Foreign Corrupt Practices Act (FCPA) to the attention of the proper government authorities are entitled to between 10% to 30% of any government recovery in excess of $1 million. Do you believe it is appropriate/ethical for the government to incentivize reporting fraud and other wrongdoings in return for a...
All of the following statements are true except:
  All of the following statements are true except: a. A portfolio may contain multiple programs and projects. b. A project manager has the discretion to make trade-offs in regard to which programs to pursue. c. A program manager has the discretion to make trade-offs in regard to which projects to pursue. d. Projects have a finite timeline, while programs may exist as long as the parent organization does. Which of the following is a financial analysis tool that an...
Which of the following statements are true? There are several, select all that are correct. Consider...
Which of the following statements are true? There are several, select all that are correct. Consider each statement on its own separate from the others listed. Question 7 options: A Call option gives its owner the right to buy a share off stock at fixed price within a specified period of time. The exercise value of an option is the payoff from immediately exercising the option minus the price paid for the option contract. An option's value is determined by...
Which of the following statements are true? There are several, select all that are correct. Consider...
Which of the following statements are true? There are several, select all that are correct. Consider each statement on its own separate from the others listed. Question 18 options: The relationtship stipulated in the purchasing power parity (PPP) equation is also called the law of one price Two reasons why financial management of a multinational company differs from that of purely domestic firms are: (1) different economic systems and (2) accounting systems In a monetary system with floating exchange rates,...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT