FIRREA Increased the Core-Capital Leverage Requirement for Thrift Institutions from 3

question 73

Multiple Choice

FIRREA increased the core-capital leverage requirement for thrift institutions from 3% to

• A)8%.
• B)5%.
• C)10%.
• D)25%.

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Definitions:

Federal Income Tax

A tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

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A tax imposed by the government on sales of goods and services, collected at the point of sale and paid by the final consumer.

Efficiency

The degree to which resources are used optimally to produce goods and services, minimizing waste and maximizing output.

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The state of being equal, especially in status, rights, and opportunities, often pursued as an economic and social policy objective.