A Provision of the Dodd-Frank Act of 2010 Revised the Federal

question 55

Multiple Choice

A provision of the Dodd-Frank Act of 2010 revised the Federal Reserve Act to

• A)allow the Fed to make loans to investment banks.
• B)allow the Fed to make loans to any individual,partnership,or corporation in unusual and exigent circumstances.
• C)restrict the Fed's ability to make loans except to commercial banks.
• D)allow the Fed to buy commercial paper issued by nonfinancial firms.

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Definitions:

Risk Of Loss

The potential that an asset or investment will decrease in value or become entirely worthless.

Passage Of Title

The transfer of ownership rights from the seller to the buyer in a transaction.

Insurable Interest

A stake or financial interest in an item or person that allows the owner to purchase insurance against risks.

Pressure Washer

A mechanical device that uses high-pressure water spray to clean surfaces, removing dirt, grime, and other materials.