Which of the Following Was Passed in 2010 and Represents

question 65

Multiple Choice

Which of the following was passed in 2010 and represents the most sweeping reform of U.S.financial markets since the Great Depression?

• A) The Laughlin-Glover Investor and Financial Reconciliation Act
• B) The Mallicoat-Whaley Consumer and Investor Securities Protection Act
• C) The Dodd-Frank Wall Street Reform and Consumer Protection Act
• D) The Barnhill-Obama Wall Street Investors Reconciliation Act

Understand the mechanisms to reduce collection float and the role of electronic payments in managing float.

Recognize the costs associated with holding too little or too much cash, and the role of money market instruments in liquidity management.

Learn the effects of environmental factors on float management.

Understand the calculations involved in determining net float and the implications for cash management.

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Definitions:

Bound By Contract

The state of being legally obligated to another party as per the terms and conditions specified in a contract.

Company B

Generally refers to a business entity or corporation engaged in commercial, industrial, or professional activities.