One of the Problems Experienced by the Savings and Loan

question 40

Multiple Choice

One of the problems experienced by the savings and loan industry during the 1980s was

• A)managers lack of expertise to manage risk in new lines of business.
• B)heavy regulations in the new areas open to S&Ls.
• C)slow growth in lending.
• D)close monitoring by the FSLIC.

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Definitions:

Adjusting Entries

Journal entries made in accounting to allocate income and expenses to the period in which they actually occurred.