Financial Planner

Category - Professional Conduct and Regulation

What agency is responsible for ensuring that businesses act fairly in commerce?
  1. Federal Commerce Commission
  2. United States Treasury Department
  3. Federal Bureau of Investigation
  4. Federal Trade Commission
Explanation
Answer: D - The Federal Trade Commission was created under the Federal Trade Commission Act in 1914. This agency is responsible for ensuring that businesses are fair in their commerce practices. The agency is also responsible for prescribing rules as to fair business practices, among other things.
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