The Sarbanes-Oxley Act of 2002
A) created the Consumer Financial Protection Bureau to be housed in the Federal Reserve.
B) mandates that firms raise funds for expansion only through the sale of stock or from bank loans, but not from the sale of corporate bonds.
C) requires that CEOs personally certify the accuracy of financial statements.
D) established the Financial Stability Oversight Council to identify risks to the financial system.
Answer: C
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Grace maximizes her utility by consuming both gourmet cookies and ice cream. If the price of a dozen cookies is three times that of a pint of ice cream, we would expect that: a. the total utility of a dozen cookies is three times that of a pint of ice cream
b. the total utility of a dozen cookies is one-third that of a pint of ice cream. c. the marginal utility of the last dozen cookies is three times that of the last pint of ice cream. d. the marginal utility of the last dozen cookies is one-third times that of the last pint of ice cream.
Define productive efficiency. Does productive efficiency imply allocative efficiency? Explain
What will be an ideal response?
A problem for equity contracts is a particular type of ________ called the ________ problem
A) adverse selection; principal-agent B) moral hazard; principal-agent C) adverse selection; free-rider D) moral hazard; free-rider
Foreign demand for U.S. dollars also represents a supply of dollars.
Answer the following statement true (T) or false (F)