The Frank-Dodd Financial Overhaul Bill Was Proposed as a Measure

question 7

Multiple Choice

The Frank-Dodd financial overhaul bill was proposed as a measure to put new rules and tools in place to prevent a repeat of the meltdown of 2008 that started the global recession.Which of the following were proposed as regulatory policies in the bill?

• A)Regulation of the credit and debit card fee systems.
• B)Verification of borrowers' ability to repay loans.
• C)Creation of a federal bureau of Consumer Financial Protection.
• D)Liquidation of failing financial institutions by the FDIC.
• E)All of the above.

Use probabilities to make predictions about real-world phenomena.

Understand the concepts of permutations and combinations in the context of probability.

Calculate conditional probabilities in relevant scenarios.

Develop the ability to logically deduce probabilities using complementary events.

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Definitions:

Factors Of Production

The inputs or resources that are used in the production of goods and services, traditionally categorized as land, labor, capital, and entrepreneurship.

Input

The resources, materials, or data put into a system, process, or machine to obtain a desired output.

Output

The amount of something produced by a person, machine, or industry.

Function

A mathematical relation in which each element of a domain is associated with exactly one element of a range.