The Legislation Passed in 2010 That Was Intended to Reform

question 62

Multiple Choice

The legislation passed in 2010 that was intended to reform regulation of the financial system was the

• A)Wall Street Reform and Consumer Protection Act.
• B)Sarbanes-Oxley Act.
• C)Glass-Steagall Act.
• D)Federal National Mortgage Act.

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Definitions:

Proportion

A mathematical concept describing the relationship between part of a whole and another part or between one part and the whole.

Social Inequality

The existence of unequal opportunities and rewards for different social positions or statuses within society.

Industrialized Countries

Nations characterized by a significant level of industrialization, with a major portion of the economy based on manufacturing and services.

Democracy

A form of government in which power is held by the people, either directly or through elected representatives.