Fed's Bostic Reveals 'Inadvertent' Trading Violations
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Business
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main reason Raphael Bostic decided to let a third party handle his investments?
To avoid conflicts of interest
To increase his investment returns
To comply with a new Fed policy
To reduce his workload
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the nature of the issue with Bostic's financial disclosure forms?
He failed to disclose his salary
He reported incorrect income figures
He omitted transactions made on his behalf
He intentionally hid his investments
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did Bostic's reliance on balanced statements contribute to the errors in his financial disclosures?
They were not approved by the Fed
They provided incomplete information
They were more detailed than necessary
They were outdated
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action has the Fed taken in response to the issues with Bostic's financial disclosures?
They have suspended him
They have cleared him of any wrongdoing
They have asked the Inspector General to investigate
They have fined him
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the Atlanta Fed Board's stance on Bostic's explanation regarding the trading issues?
They rejected his explanation
They demanded his resignation
They remained neutral
They accepted his explanation
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