The Major Provisions of the Competitive Equality Banking Act of 1987

question 42

Multiple Choice

The major provisions of the Competitive Equality Banking Act of 1987 include

• A)expanding the responsibilities of the FDIC,which is now the sole administrator of the federal deposit insurance system.
• B)the establishment of the Resolution Trust Corporation to manage and resolve insolvent thrifts placed in conservatorship or receivership.
• C)directing the Federal Home Loan Bank Board to continue to pursue regulatory forbearance.
• D)prompt corrective action when a bank gets in trouble.

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Definitions:

Physical Punishment

A discipline method involving the use of physical force with the intention of causing a child to experience pain but not injury, aimed at correcting or controlling behavior.

Child Abuse

Any action by another person – adult or child – that causes significant harm to a child, including physical, emotional, sexual abuse, or neglect.

Rates of Victimization

Rates of victimization refer to the frequency or occurrence rate at which individuals or groups are subjected to harm, abuse, or crime.

Older Children

Refers to kids who are in the later stages of childhood, typically ranging from late elementary through pre-adolescence, before becoming teenagers.