Asked by Shanna Matthiessen on Jun 03, 2024
Verified
The Financial Stability Oversight Council was created by
A) President Roosevelt in 1939 to reduce unemployment and increase public-sector job opportunities.
B) President Obama and Congress in 2010 to identify system-wide risks to the financial sector.
C) Congress in 1965 to counter the influence of the growing influence of the Office of Management and Budget.
D) President Reagan in 1980 to study the causes of inflation and make policy recommendations to reduce it.
Financial Stability Oversight Council
A United States federal government organization, created to identify risks to the financial stability of the country, promote market discipline, and respond to emerging risks to the stability of the United States' financial system.
2010
A specific year notable for various global events, such as the Affordable Care Act becoming law in the United States and the Haiti earthquake.
- Recognize the roles of specific federal agencies in national security and financial regulation.
Verified Answer
NM
Nathan makes musicJun 04, 2024
Final Answer :
B
Explanation :
The Financial Stability Oversight Council was created by President Obama and Congress in 2010 to identify system-wide risks to the financial sector. Its purpose is to promote financial stability and mitigate systemic risks through enhanced supervision and regulation of financial firms.
Learning Objectives
- Recognize the roles of specific federal agencies in national security and financial regulation.