Which of the following was not a major area addressed by the Dodd-Frank Bill (i.e., Wall Street Reform and Consumer Protection Act of 2010)
a. Ensuring that investment banks and others had "skin in the game" by restricting their ability to securitize 100% of their mortgage-backed loans.
b. Reducing systemic threats to the U.S. financial system.
c. Solving the "too big to fail" problem in the U.S. financial system.
d. Improving credit rating agency performance and accountability.
e. All of the above.
.E
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Refer to Figure 17-5 to answer the following questions
a. What is the equilibrium quantity of firefighters hired, and what is the equilibrium wage? b. What is the equilibrium quantity of paralegals hired, and what is the equilibrium wage? c. Explain why firefighters might earn a higher weekly wage than paralegals. d. Suppose that comparable worth legislation is passed, and the government requires that firefighters and paralegals be paid the same wage, $800 per week. Now how many firefighters will be hired and how many paralegals will be hired?
Which of the following disinflationary monetary policies would classical economists prefer?
A) A cold turkey approach that is announced and credible. B) A cold turkey approach that is announced, but not credible. C) A gradual approach that is announced and credible. D) A gradual approach that is unannounced.
Figure 3-20
Refer to . If 110 units of the good are being bought and sold, then
a.
the cost to sellers is equal to the value to buyers.
b.
the value to buyers is greater than the cost to sellers.
c.
the cost to sellers is greater than the value to buyers.
d.
producer surplus is greater than consumer surplus.
The real deficit depends on the:
A. nominal deficit, the rate of inflation, and the government debt. B. rate of interest only. C. rate of inflation only. D. level of government expenditures and receipts only.