The Financial Reform Act of 2010 Did All of the Following

question 53

Multiple Choice

The Financial Reform Act of 2010 did all of the following EXCEPT

• A)strengthened the standards required to obtain a mortgage.
• B)required more disclosures by financial institutions regarding the quality of the underlying assets when they sell mortgage-backed securities.
• C)required savings institutions to sell off any holdings of junk bonds and prohibited them from investing in junk bonds in the future.
• D)established the Consumer Financial Protection Bureau.

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Definitions:

Emigrate

To leave one's country of origin to live permanently in another.

Economic Immigration

The movement of individuals from one region to another for the purpose of seeking better employment opportunities, contributing to the workforce and economic growth of the host country.

Illegal Immigrants

Individuals who enter or reside in a country without the appropriate legal permission or documentation required by that country.

Domestic-Born Employment

Employment levels or opportunities for individuals born in the country in question, often discussed in the context of immigration's impact on the job market.