Which of the Following Is One of the Purposes of the Dodd-Frank

question 68

Multiple Choice

Which of the following is one of the purposes of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010?

• A)monitoring the legitimacy of consumer and commercial wire transfers
• B)establishing the reporting requirements for financial transactions, including off-balance-sheet transactions
• C)regulating previously unregulated financial products and institutions
• D)overseeing, inspecting, and disciplining accounting firms in their roles as auditors of public companies

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Definitions:

Final Statement

A conclusive written summary or account that details the final positions or outcomes of a particular event, process, or financial period.

Admit Evidence

The process by which a court agrees to consider certain facts or documents as part of the information used to make a legal decision.

Contradictory

Describes statements, beliefs, or ideas that are directly opposed to each other and cannot be true at the same time.

Parol Evidence

Evidence outside of a written contract which is not admissible to alter, contradict, or add to the terms of the written agreement.