Which of the Following Is True with Regard to the Dodd-Frank

question 33

Multiple Choice

Which of the following is true with regard to the Dodd-Frank Act?

• A) The Act made suing an agency for fraud easier by allowing investors to bring lawsuits against credit rating agencies that knowingly or recklessly failed to conduct a reasonable investigation of the rated security.
• B) The Act dissolved the Office of Credit Ratings and relaxed internal controls by the credit rating agencies.
• C) The Act restructured the ratings system.
• D) The Act forced banks to separate their commercial banking and investment banking businesses.

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Definitions:

Social Construction

The theory that our understanding of reality, including societal norms and knowledge, is created through social interactions and cultural practices.

Gerontophobia

An irrational fear or aversion to the elderly or the aging process.

Elderly

The term elderly refers to older adults, typically those aged 65 or above, often characterized by retirement, varying degrees of health and physical abilities, and specific social and economic needs.

Theoretical Perspective

A fundamental set of assumptions, explaining how societies function and examining the relationships between individuals and society.