Question

In 2010, Congress passed the ______________ which addressed a wide range of problems associated with the financial crisis, including Too Big to Fail banks.

a. Sarbanes-Oxley Act
b. Troubled Asset Relief Program
c. Glass-Steagall Act
d. Gramm-Leach-Bliley Act
e. Dodd-Frank Act

Answer 1

The Dodd-Frank Act, passed in 2010 by Congress, addressed a wide range of problems associated with the financial crisis, including Too Big to Fail banks.

Step-by-step explanation:

The correct answer is e. Dodd-Frank Act.

The Dodd-Frank Act, officially known as the Wall Street Reform and Consumer Protection Act, was passed by Congress in 2010. It was a response to the financial crisis and aimed to address a wide range of problems associated with the crisis, including the issue of Too Big to Fail banks.

The legislation sought to reform the financial system and increase oversight to prevent another financial crisis. It established new regulations for banks, created the Consumer Financial Protection Bureau, and implemented various measures to enhance transparency and accountability in the financial industry.