The Ability to Use the Too-Big-To-Fail Policy Was Curtailed by the Passage

question 32

Multiple Choice

The ability to use the too-big-to-fail policy was curtailed by the passage of the FDICIA. To use this action today,the FDIC must get approval of a two-thirds majority of both the Board of Governors of the Federal Reserve and the directors of the FDIC and also the approval of the

• A) Secretary of the Treasury.
• B) Senate Finance Committee Chairperson.
• C) President of the United States.
• D) Governor of the state in which the failed bank is located.

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Definitions:

Collective Unconscious

According to Jung, a storehouse of latent memory traces inherited from people’s ancestral past that is shared with the entire human race.

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Repression

A defense mechanism whereby distressing thoughts, memories, or desires are kept out of conscious awareness.

Developmental Stage

A period in an individual's life characterized by specific milestones in physical, emotional, or cognitive development.