16. Which banking reform legislation established the ability of the government to bail out distressed financial institutions?
a) Sarbanes-Oxley Act
b) Glass-Steagall Act
c) Dodd-Frank Act
d) Basel II
17. Which banking reform promoted financial inclusion by expanding access to banking services for underserved communities?
a) Basel III
b) Glass-Steagall Act
c) Dodd-Frank Act
d) Community Reinvestment Act (CRA)
18. What is the main objective of the Community Reinvestment Act (CRA)?
a) Encourage banks to provide loans and services in low-income areas
b) Ensure fair lending practices without discrimination
c) Promote economic development in underserved communities
d) All of the above
19. Which major banking reform introduced various measures to combat money laundering and terrorist financing?
a) Basel III
b) Dodd-Frank Act
c) USA PATRIOT Act
d) Sarbanes-Oxley Act
20. Which banking reform legislation enhanced regulatory scrutiny over financial institutions to prevent fraud and ensure accurate financial reporting?
a) Sarbanes-Oxley Act
b) Glass-Steagall Act
c) Volcker Rule
d) Basel II
