The Financial Reform Act Was Intended To

question 20

Multiple Choice

The Financial Reform Act was intended to:

• A)prevent another credit crisis.
• B)reduce capital ratios.
• C)impose interest rate ceilings on deposits.
• D)prevent banks from offering securities services.

---

Definitions:

Capital Losses

Financial losses incurred when the selling price of an asset is less than the purchase price.

Capital Gains

The profit from the sale of an asset or investment when the selling price exceeds its purchase price.

Quick Conversion

A process or strategy designed to rapidly convert assets or inventory into cash.

Yields

The yield from an investment, like dividends or interest earned, shown as a percentage of the investment's original cost or its current market value.