The Volcker rule in the odd-Frank Act does which of the following?
A. Creates a host of new agencies to streamline the regulatory process
B. Introduces significant regulation of hedge funds
C. Increases oversight of specific institutions regarded as a systemic risk
D. Forbids insured depositories from proprietary trading
Answer: D
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One of the most important determinants of a good's price elasticity of demand is
A) the profits of suppliers. B) the numbers of buyers in the market. C) the ease with which consumers can substitute other goods for that product. D) the cost of producing the good.
A decrease in disposable income will:
a. shift the consumption function upward b. shift the consumption function downward. c. cause an upward movement along the consumption function. d. cause a downward movement along the consumption function. e. make the consumption function flatter.
When demand decreases and supply increases, there will be a decrease in the equilibrium price
a. True b. False Indicate whether the statement is true or false
An increase in interest rates affects aggregate demand by
A. Shifting the aggregate demand curve to the right, increasing real GDP and lowering the price level B. Shifting the aggregate demand curve to the left, reducing real GDP and lowering the price level C. Shifting the aggregate supply curve to the left, decreasing real GDP and increasing the price level