Question

According to the video, what are the purposes of the Dodd-Frank Act? Check all that apply.

to protect banks from abusive financial practices
to improve accountability for banks
to end bailouts
to protect consumers from abusive financial practices
to allow for greater banking profits

Answer 1

- to improve accountability for banks — Yes
- to end bailouts — Yes
- to protect consumers from abusive financial practices — Yes

Not applicable:
- to protect banks from abusive financial practices — No
- to allow for greater banking profits — No