As a Result of the Financial Reform Act of 2010

question 6

Multiple Choice

As a result of the Financial Reform Act of 2010, the ____ was established to regulate financial products and services. ​

• A)Federal Advisory Committee
• B)Federal Open Market Committee
• C)Consumer Financial Protection Bureau
• D)Board of Governors

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Definitions:

Personal Skill

Individual abilities or talents that contribute to performing tasks or jobs effectively, often developed through experience and training.

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Third-Party Beneficiary

An individual or entity that benefits from the terms of a contract, despite not being one of the principal parties involved in the agreement.

Incidental Beneficiary

A third party who unintentionally benefits from a contract made between two other parties, without having any enforceable rights under that contract.