A Provision of the Dodd-Frank Act of 2010 Revised the Federal

question 55

Multiple Choice

A provision of the Dodd-Frank Act of 2010 revised the Federal Reserve Act to

• A)allow the Fed to make loans to investment banks.
• B)allow the Fed to make loans to any individual,partnership,or corporation in unusual and exigent circumstances.
• C)restrict the Fed's ability to make loans except to commercial banks.
• D)allow the Fed to buy commercial paper issued by nonfinancial firms.

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Definitions:

Quantity Demanded

The complete volume of a good or service that consumers are ready and financially capable to acquire at a particular price point.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in a market, leading to market stability.

Buyers

Individuals or entities that acquire goods or services in exchange for money, playing a crucial role in the dynamics of supply and demand in markets.

Sellers

Individuals or entities that offer goods or services for sale to consumers or other businesses.