FINANCE-Which of the following is false about the Volcker Rule in the Dodd-Frank Act

QUESTION

Which of the following is false about the Volcker Rule in the Dodd-Frank Act?Question 9 options:The provision aims to prohibit proprietary trading by banks for their own profitThe rule was completed and implemented in July 2010One of the problems with implementing the rule is distinguishing between trading for the bank’s profits versus trading for customersVolcker rule allows banks to trade for hedging purposesWhich of the following are ways that banks are regulated by Dodd-Frank Act?Question 10 options:A. Banks considered “too-big-to-fail” can be required to increase their reservesB. “Too-big-to-fail” banks will be required to justify Government bailout in case of a similar financial crisis in the futureC. “Too-big-to-fail” banks are required to have a plan to shutdown in an orderly fashion in case of illiquidityD. All of the above are trueE. A and C are trueF. A and B are true

ANSWER:

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