The Wheeler-Lea Amendment in 1938 Greatly Influenced the Future of Advertising

question 95

Multiple Choice

The Wheeler-Lea Amendment in 1938 greatly influenced the future of advertising in America by: 

• A) establishing the powerful Federal Trade Commission (FTC). 
• B) allowing the FTC to stop practices that were misleading, regardless of their impact on competition. 
• C) granting industries the right to form self-regulatory organizations to reduce FTC interference. 
• D) broadening the FTC's power to practices that were unfair to competitors alone.

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Definitions:

Commercial Banks

Financial institutions that provide a variety of services, including deposit accounts, loans, and other financial products, to businesses and individuals.

Financial

Relating to money or how money is managed.

Illiquid

Describes an asset or security that cannot easily be sold or exchanged for cash without a substantial loss in value.

Real Assets

Physical or tangible assets such as gold, real estate, and commodities, which have intrinsic value due to their substance and physical properties.