A Provision of the Dodd-Frank Act of 2010 Revised the Federal

question 55

Multiple Choice

A provision of the Dodd-Frank Act of 2010 revised the Federal Reserve Act to

• A)allow the Fed to make loans to investment banks.
• B)allow the Fed to make loans to any individual,partnership,or corporation in unusual and exigent circumstances.
• C)restrict the Fed's ability to make loans except to commercial banks.
• D)allow the Fed to buy commercial paper issued by nonfinancial firms.

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Definitions:

Quantity Demanded

The complete quantity of a product or service that customers are prepared and able to buy at a given price.

Elasticity Coefficient

A numerical measure of how much the quantity demanded or supplied of a product changes in response to a change in its price, income level, or other factors.

Total Revenue

The total income received by a firm from the sale of its products or services before any expenses are subtracted.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type.