What does the Dodd-Frank Act of 2010 illustrate?
A)The ineffectiveness of legislative oversight of the financial system
B)The Iron Law of Social Responsibility
C)That market abuses in the global financial system will occur on a cyclical basis
D)The logic of the too-big-to-fail approach to financial system regulation

Question

Quizplus · Accepted Answer

The Dodd-Frank Act of 2010 illustrates the Iron Law of Social Responsibility, which refers to the idea that businesses have a responsibility to society beyond simply making a profit. The act introduced a number of regulations intended to prevent another financial crisis like the one in 2008, including requirements for increased transparency and accountability among financial institutions.

What Does the Dodd-Frank Act of 2010 Illustrate