Which of the Following Statements Is True of the Dodd-Frank

question 146

Multiple Choice

Which of the following statements is true of the Dodd-Frank Act?

• A) It played a major role in the U.S. economy meltdown of the first decade of the 21st century.
• B) It required large firms in the financial sector to hold more equity and less debt in their capital structures.
• C) It weakened government oversight of financial markets.
• D) It required large firms in the financial sector to increase their debt-to-equity ratio.

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Definitions:

Collectivist Cultures

Collectivist cultures emphasize the needs and goals of the group as a whole over the desires and wishes of the individual, contrasting with individualistic societies.

Conformity

Conformity is the act of adjusting one's behaviors or beliefs to align with the norms or standards of a group or society.

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.

Cohesiveness

The degree to which members of a group or team are united in pursuing common goals and how connected they feel to the group.