The Dodd-Frank Act of 2010 Requires Financial Institutions to ________

question 97

Multiple Choice

The Dodd-Frank Act of 2010 requires financial institutions to ________.

• A) lend to all individuals who need loans
• B) require verification of a borrowers job status but not credit history and income
• C) require verification of a borrowers income and job status but not their credit history
• D) require verification of a borrowers income, credit history and job status

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Definitions:

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Theory

A systematic set of ideas or principles explaining a phenomenon or a body of facts, often based on general principles independent of the things being explained.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.

Variables

In research and mathematics, variables are any characteristics, numbers, or quantities that can change or vary from one individual, situation, or experiment to another.