The Dodd-Frank Act creates the Financial Stability Oversight Council ("Council") to oversee financial institutions. Which of the following is NOT True?
a. Voting members consist of heads of the Treasury, Federal Reserve, OCC, SEC, CFTC, FDIC, FHFA, NCUA, and the Bureau of Consumer Financial Protection ("Bureau"), as well as an independent member with insurance expertise appointed by the President
b. Require Federal Reserve supervision for nonbank financial companies that may pose risks to U.S. financial stability in the event of their material financial distress or failure
c. Is shared by the President of the N.Y. Federal Reserve
d. Is to promote market discipline by eliminating expectations of government bailouts
Answer: c. Is shared by the President of the N.Y. Federal Reserve
You might also like to view...
Direct selling that bypasses wholesale intermediaries is a cost-effective means of serving large-volume retailers
Indicate whether the statement is true or false
An item described as low-risk and low-opportunity is a ________
A) nuisance item B) bottleneck item C) variable item D) critical item E) commodity
The Acme Global Corporation is implementing a new software program for entering sales data. Soraya is comfortable with the current system and plans to keep using it even after the new software has been adopted. Soraya does not think the new software will change anything she does. Soraya is in the ______ stage of the change process.
A. commitment B. exploration C. resistance D. denial
Which of the following is a common mass customization practice?
a. Postponement b. Distribution delay c. Cancellation d. Reimbursement