Where Is the New Consumer Financial Protection Bureau Housed

question 85

Multiple Choice

Where is the new Consumer Financial Protection Bureau housed?

• A)Within the Federal Reserve
• B)Within the FTC
• C)Within the Department of the Treasury
• D)Within the Justice Department

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Definitions:

Mercantilism

An economic theory and practice where government regulation of a nation's economy is used to increase state power at the expense of rival national powers.

Laissez-faire

Laissez-faire is an economic philosophy advocating minimal governmental intervention in the marketplace and the economic activities of individuals and businesses.

Precious Metals

Metals of high economic value, often used as an investment or industrial commodity, including gold, silver, platinum, and palladium.

Deficit Financing

The practice of funding government spending by borrowing rather than from taxation or savings, often leading to a budget deficit.