In 2010, Congress Passed the Dodd-Frank Act, Which Was Designed

question 10

True/False

In 2010, Congress passed the Dodd-Frank Act, which was designed to improve regulation of the financial sector and avoid another financial crisis like the one of 2008.

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Definitions:

Age Stratification

The division or categorization of people into different age groups within a society, influencing their roles, rights, responsibilities, and social status.

Cohorts Inequality

Refers to the disparities that exist between different groups of people, often of the same generation, that can result from socio-economic, educational, or environmental differences.

Age Stratification

The hierarchical ranking and categorization of people within a society based on their ages, often influencing their social status and access to resources.

Social Inequality

The unequal distribution of resources, opportunities, rights, and privileges within a society, often based on factors like class, race, gender, or age.