WGU C214- Topic 15 Study Guide
Question and answers verified to pass
2025/2026
Federal Reserve Act of 1913 - correct answer ✔curb bank runs and recessions
McFadden Act of 1927 - correct answer ✔provided greater accessibility to bank customers, ex: banks
couldn't establish across state lines
Glass-Steagall Banking Act of 1933 - correct answer ✔result of Great Depression, decrease number of
bonds failing, set up wall between commercial/consumer banking and investment banking
Garn-St. Germain Act of 1982 - correct answer ✔second phase of deregulation, response to savings and
loan (S&L) crisis, loosened restrictions
Dodd Frank Act of 2010 - correct answer ✔monitor capital markets, result of 2008 financial crisis,
created Financial Stability Oversight Council and Federal Insurance Office, instituted Vocker Rule(limited
hedge fund investments)
Securities Act of 1933 - correct answer ✔requires firms to register with SEC to sell public Securities
Securities Act of 1933-Rule 144A - correct answer ✔"safe harbor" can sell private capital to accredited
investors
Sarbanes-Oxley Act of 2002 - correct answer ✔result of management fraud, strong internal
management structure, improve internal control practices at corporations and increase role of public
accountants
Question and answers verified to pass
2025/2026
Federal Reserve Act of 1913 - correct answer ✔curb bank runs and recessions
McFadden Act of 1927 - correct answer ✔provided greater accessibility to bank customers, ex: banks
couldn't establish across state lines
Glass-Steagall Banking Act of 1933 - correct answer ✔result of Great Depression, decrease number of
bonds failing, set up wall between commercial/consumer banking and investment banking
Garn-St. Germain Act of 1982 - correct answer ✔second phase of deregulation, response to savings and
loan (S&L) crisis, loosened restrictions
Dodd Frank Act of 2010 - correct answer ✔monitor capital markets, result of 2008 financial crisis,
created Financial Stability Oversight Council and Federal Insurance Office, instituted Vocker Rule(limited
hedge fund investments)
Securities Act of 1933 - correct answer ✔requires firms to register with SEC to sell public Securities
Securities Act of 1933-Rule 144A - correct answer ✔"safe harbor" can sell private capital to accredited
investors
Sarbanes-Oxley Act of 2002 - correct answer ✔result of management fraud, strong internal
management structure, improve internal control practices at corporations and increase role of public
accountants
