Which of the Following Policy Measures Required the SEC to Prevent

question 33

Multiple Choice

Which of the following policy measures required the SEC to prevent issuers of asset-backed securities from choosing the credit-rating agencies that will give them the highest rating and supported earlier initiatives by the SEC?

• A)the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
• B)Sarbanes-Oxley Act of 2002
• C)Global Legal Settlement of 2002
• D)Gramm-Leach-Bliley Act of 1999
• E)Riegle-Neal Act of 1994

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Definitions:

Notes Payable

A formal written agreement to pay a specific amount of money on a certain date or upon demand to another party.

Salaries Expense

The total amount paid to employees for services rendered during a specific period, recorded as an expense on the income statement.

Supplies

Materials and items consumed or used in the operation of a business or manufacturing process that are not part of the final product.

Unearned Rent

Income received by a company for rent that has not yet been earned because the rental period has not occurred.