46. What does the term “too big to jail” imply in the context of banking reform?
a) The perception that large financial institutions are unlikely to face criminal prosecution due to their systemic importance
b) The inability of banks to meet regulatory capital requirements
c) The risk of banks engaging in predatory lending
d) The vulnerability of banks to money laundering activities
47. Which major banking reform aimed to promote responsible securities offerings and disclosure practices?
a) Dodd-Frank Act
b) Sarbanes-Oxley Act
c) Basel II
d) Glass-Steagall Act
48. What is the primary objective of responsible securities offerings and disclosure practices?
a) Prevent fraudulent issuance of securities
b) Facilitate efficient capital markets
c) Ensure accurate and timely information for investors
d) All of the above
49. Which banking reform legislation aimed to promote fair and transparent mortgage lending practices?
a) Glass-Steagall Act
b) Dodd-Frank Act
c) Basel III
d) Community Reinvestment Act (CRA)
50. What is the main objective of fair and transparent mortgage lending practices?
a) Prevent predatory lending practices
b) Ensure affordability of housing for low-income individuals
c) Enhance competition in the mortgage market
d) Protect consumers from unfair loan terms and conditions
