Signed into Law on July 30, 2002, the ________ Act

question 49

Multiple Choice

Signed into law on July 30, 2002, the ________ Act requires CEOs of publicly traded companies to vouch for the veracity of the firm's published financial statements.

• A) Smoot-Hawley
• B) Humphrey-Hawkins
• C) McCain-Merrill
• D) Sarbanes-Oxley

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Definitions:

Government Securities

Financial instruments issued by a government to raise funds from investors, typically featuring lower risk and fixed interest payments.

Discount Rate

The interest rate charged by central banks to commercial banks for short-term loans.

Expansionary policy

Economic policies aimed at increasing the supply of money or reducing taxation to stimulate economic growth, typically undertaken during a recession.

Contractionary Policy

Economic policies intended to reduce spending and slow down inflation, often through increased interest rates or reduced government spending.