7) The Financial Reform Act (Wall Street Reform and Consumer Protection Act or Dodd-Frank Act) of 2010:

a. ended the system of risk-based insurance premiums.

b. set requirements for the Deposit Insurance Fund's reserves.

c. raised the limit for insured deposits to $750,000 per depositor.

d. allowed large insurance companies such as American International Group to compete with the FDIC to insure bank deposits.

9) The Basel III framework recommends that banks maintain a minimum level of Tier 1 capital, which primarily consists of funds obtained from

a. issuing commercial paper and bonds.

b. retaining earnings and issuing commercial paper.

c. retaining earnings and issuing common stock.

d. issuing bonds and common stock.