The Investor Protection and Securities Reform Act of 2010 imposes new corporate governance rules on both publicly held and privately held companies
a. True
b. False
Indicate whether the statement is true or false
False
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The S&L crisis in the late 1970s and early 1980s was made much worse by
A. moral hazard, when regulators failed to close bankrupt S&Ls, which in turn caused a credit crunch. B. adverse selection, when commercial banks were allowed to buy financially sound S&Ls but did not buy bankrupt S&Ls. C. asymmetric information, because the government did not realize the bad financial condition of the S&Ls. D. the regulatory dialectic.
The reliability of the information in a company's financial statements is the responsibility of which of the following?
a. The Securities and Exchange Commission (SEC) b. The Certified Public Accountant in charge of the audit of the company's financial statements c. Clients d. None of these choices.
?Which of the following statements is true?
A. ?Over the last fifty years, the risk spread between Aaa bonds and Baa bonds always remained positive except in 1998. B. The risk spread between Aaa bonds and Baa bonds became negative only in the mid-1960s. C. For most of the last twenty years, the risk bread between Aaa bonds and Baa bonds remained negative. D. Over the last fifty years, the risk spread between Aaa bonds and Baa bonds never became negative
Consider Figure 5.3. As a result of the quota, Sweden's consumer surplus
a. increases by $6. b. increases by $8. c. decreases by $6. d. decreases by $8.