The recent regulation that was designed to limit risk-taking by banks by requiring them to report their holdings is called the:

A. Dodd-Frank Wall Street Reform and Consumer Protection Act.
B. Troubled Asset Relief Program.
C. Federal Deposit Insurance Act.
D. Glass-Steagall Act.


Answer: A

Economics

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The market for unskilled labor is illustrated in the figure above. The market is in equilibrium and then a minimum wage of $5 per hour is imposed. Unemployment will equal

A) 0 hours. B) 10 million hours per year. C) 20 million hours per year. D) 30 million hours per year.

Economics

One way tariffs differ from quotas is that

A. tariffs produce no revenues but set limits on the imported items. B. tariffs are applied only on raw materials. C. quotas produce revenues for the exporting country's government. D. tariffs produce revenues for the importing country's government.

Economics

Certain hotels offer promotional strategies in which kids under 12 eat free at the hotel's restaurant. This is an example of second-degree price discrimination

Indicate whether the statement is true or false

Economics

The marginal tax rate is calculated in the following manner:

A. Taxes Paid/Taxable Income. B. Taxable Income/Taxes Paid. C. Additional Taxes Paid/Additional Taxable Income D. Additional Taxable Income/Additional Taxes Paid.

Economics