The Dodd-Frank Does All of the Following Except

question 47

Multiple Choice

The Dodd-Frank does all of the following except:

• A) sets out new rules for financial institutions and markets.
• B) repeals the Glass-Steagall Act of 1933.
• C) requires closer government oversight over key establishments called systemically important financial institutions.
• D) sharply alters the authorities of the government agencies that govern the financial sector.

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Definitions:

Producer Surplus

The difference between the actual amount producers receive for a good or service and the minimum amount they are willing to accept.

Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers.

Diagram

A simplified drawing showing the appearance, structure, or workings of something.

Market Supply Curve

A graphical representation showing the total quantity of a good that sellers are willing and able to sell at various prices.