Asked by Gargi Patil on Jun 11, 2024

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The _____ was called "a sweeping overhaul of the financial regulatory system…on a scale not seen since the reforms that followed the Great Depression."

A) Equal Pay Act
B) Americans with Disabilities Act
C) Dodd-Frank Wall Street Reform and Consumer Protection Act
D) Age Discrimination in Employment Act
E) Title VII of the Civil Rights Act

Dodd-Frank Wall Street

A comprehensive set of financial regulations passed in 2010 in response to the 2008 financial crisis, aimed at reducing risks in the U.S. financial system.

Financial Regulatory System

A framework of laws, rules, and agencies designed to maintain the integrity and stability of the financial markets and protect consumers.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, characterized by vast unemployment, deflation, and a significant decline in economic activity across much of the world.

  • Become familiar with the principal aspects of notable financial and ethical regulations, including the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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DN
David NathanaelJun 11, 2024
Final Answer :
C
Explanation :
The statement given in the question perfectly fits the description of Dodd-Frank Wall Street Reform and Consumer Protection Act, hence it is the best choice.