Which Regulation Created the Securities and Exchange Commission

question 18

Multiple Choice

Which regulation created the Securities and Exchange Commission?

• A) Securities Act of 1933
• B) Securities Exchange Act of 1934
• C) Investment Company Act of 1940
• D) Garn-St. Germain Depository Institutions Act of 1982

---

Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive.

Producer Surplus

The difference between what producers are willing to accept for a good or service and what they actually receive in the market.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, indicating the utility gained from the purchase.

Price Ceiling

A government-imposed limit on how high a price can be charged on a product or service.