The Financial Reform Act of 2010 Did All of the Following

question 36

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:

Investor

An individual or organization that puts money into financial schemes, shares, or property with the expectation of achieving a profit.

Big Markets

Broad and expansively defined industry sectors or customer bases where businesses seek to operate and grow.

VCs

Venture Capitalists, investors who provide capital to startups and small businesses with long-term growth potential in exchange for equity, or an ownership stake.

Great Teams

Groups of individuals working collaboratively towards a common goal, characterized by effective communication, mutual respect, and shared leadership.