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:

Sexual Violence

Acts of a sexual nature committed against someone without their consent, encompassing a range of behaviors from harassment to assault.

Social Classes

Divisions of a society based on social and economic status, often determining access to resources and opportunities.

Exploitation

The act of taking unfair advantage of someone or a group of people, often by using power unjustly for personal gain.

Double Standard

A set of principles that applies differently and usually more rigorously to one group of people or circumstances than to another.