In What Way Did the Dodd-Frank Act Reduce Bank Revenue

question 115

Multiple Choice

In what way did the Dodd-Frank Act reduce bank revenue?

• A)It increased the amount banks had to pay on interest to depositors.
• B)It reduced fees banks could charge when customers took out loans.
• C)It reduced the amount of interest banks could charge on mortgages.
• D)It capped the fees that banks could charge stores for debit card transactions.

---

Definitions:

Useful Life

The estimated period that an asset is expected to be usable for its intended purpose, impacting depreciation calculations.

Variable Cost Concept

The principle that costs vary in proportion to the level of production or activity. These costs increase as production increases and decrease as production decreases.

Markup Percentage

The amount by which the cost of a product is increased to arrive at the selling price, expressed as a percentage of the cost.

Fixed Costs

Expenses that do not change with the level of goods or services produced by the business over the short term.