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Dodd-Frank Act: Summary & Regulations

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The Dodd-Frank Act was signed in July 2010 to create clearer financial practices and to _____

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1. Which of the following was NOT created by the Dodd-Frank Act?

2. The Consumer Financial Protection Bureau provides which of the following services:

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About This Quiz & Worksheet

This quiz/worksheet combo allows you to find out what you know about the Dodd-Frank Act. You will be quizzed on specific provisions of this law and how they affect financial transactions.

Quiz & Worksheet Goals

In this set of questions, you'll test your knowledge and understanding of:

  • The goals of the Dodd-Frank Act
  • Government agencies and regulations created by this act
  • The name given to investment decisions made specifically for a bank's profits

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the material, such as the services provided by the Consumer Financial Protection Bureau
  • Information recall - access the knowledge you've gained regarding the purpose of the Volcker Act
  • Knowledge application - use your knowledge to answer questions about the stated goals of the Dodd-Frank Act and some of the new government organizations it created

Additional Learning

If you are still curious about this law, read the lesson titled Dodd-Frank Act: Summary & Regulations. You will be exposed to new ideas, such as:

  • The president who enacted this law
  • Major banking errors that led to this act's creation
  • The Financial Stability Oversight Council
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