Question

15) Theintroduced the prompt corrective action policy that requires federal intervention when a banks capital falls below ce
0 0
Add a comment Improve this question Transcribed image text
Answer #1

The correct answer is the option A) Federal Deposit Insurance Corporation Improvement Act

Federal Deposit Insurance Corporation Improvement Act, abbreviated and popularly know as, FDICIA, was enacted way back in 1991 and it prescribed that early federal intervention must be there when a bank starts showing sign of failing.

Add a comment
Know the answer?
Add Answer to:
15) Theintroduced the prompt corrective action policy that requires federal intervention when a bank's capital falls...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Area Act Date Description Telecommunications Telecommunications Deregulation and Competition Act of 1996—an update to Communications Act...

    Area Act Date Description Telecommunications Telecommunications Deregulation and Competition Act of 1996—an update to Communications Act of 1934 (47 USC 151 et seq.) 1934 Regulates interstate and foreign telecommunications (amended in 1996 and 2001) Civil legal evidence Federal Rules for Civil Procedure (FRCP) 1938 As updated in 2006, specifies requirements for the storage, protection, and surrender of discoverable electronic data as used in federal civil proceedings Freedom of information Freedom of Information Act (FOIA) 1966 Allows for disclosure of previously...

  •   1. When it comes to financial matters, the views of Aristotle can be stated as:...

      1. When it comes to financial matters, the views of Aristotle can be stated as: a. usury is nature’s way of helping each other. b. the fact that money is barren makes it the ideal medium of exchange. c. charging interest is immoral because money is not productive. d. when you lend money, it grows more money. e. interest is too high if it can’t be paid back.  2. Since 2008, when the monetary base was about $800 billion,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT