Which of the Following Comes Under the Purview of the Bureau

question 2

Multiple Choice

Which of the following comes under the purview of the Bureau of Consumer Financial Protection?

• A)to determine rules and regulations for consumer warranties
• B)to provide financial resources to environmentally friendly businesses
• C)to enforce rules for the marketing of financial products to consumers
• D)to enforce and implement the National Do-Not-Call Registry
• E)to prohibit monopolies and activities that restrain trade or competition in interstate commerce

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Definitions:

Partnership

A business arrangement recognized by law involving two or more partners who collectively oversee the business and divide its profits.

Cooperatives

Organizations owned and operated by a group of individuals for their mutual benefit, where profits and decision-making are shared among members.

Incorporated

A business that has been formed into a legal corporation, providing its owners with limited liability.

Limited Liability Company (LLC)

An unincorporated business that is taxed like a partnership, with the members paying personal income taxes, and has the limited liability of a corporation.