Given the Spotty Performance of the Bond-Rating Agencies in Sounding

question 16

Multiple Choice

Given the spotty performance of the bond-rating agencies in sounding the alarm of impending failure among many large borrowers, what action was taken in 2011 to ensure better performance?

• A)The Dodd-Frank Act of 2011 gave enforcement power regarding rating agencies to a new agency within the SEC.
• B)The Dodd-Frank Act of 2011 created an office within the Treasury to oversee the bond-rating agencies.
• C)The Dodd-Frank Act of 2011 created an office within the SEC to oversee the bond-rating agencies.
• D)The Dodd-Frank Act of 2011 gave enforcement power regarding rating agencies to the Fed.

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Definitions:

Aggregate

A total or sum made from combining several separate elements.

Vulnerable Population

Groups of individuals who may be at higher risk of health disparities due to socioeconomic, geographic, age, health, or other factors.

Caregiver Role Strain

The emotional, physical, and financial stress experienced by individuals who care for chronically sick or disabled family members or friends.

Impaired Home Maintenance

Difficulty in managing and maintaining the daily tasks required to keep a home environment clean, safe, and organized.