Which of the Following Resulted in a Federal Law Passed

question 14

Multiple Choice

Which of the following resulted in a federal law passed in 1995 that significantly reduced potential damages in securities-related litigation?

• A) Private Securities Litigation Reform Act
• B) Public Securities Damages and Settlements Act
• C) Racketeer Influenced and Corrupt Organization Act
• D) U.S. Securities Claims Reform Act

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Definitions:

Bottom Quintile

Refers to the lowest fifth portion of a population sorted by income or wealth.

Economic Inequality

The unequal distribution of wealth, income, or economic resources among participants in an economy.

Tax Returns

Official documents filed with a government body that reports income, expenses, and other pertinent tax information.

Real Income

The amount of goods and services that can be bought with a unit of currency, adjusted for inflation or price changes over time.