Which of the Following Considerations Was Not Imposed by FDICIA

question 105

Multiple Choice

Which of the following considerations was not imposed by FDICIA in an attempt to increase regulatory discipline?

• A)The act required improved accounting standards for banks.
• B)The act forbids the use of brokered deposits.
• C)The act required an annual on-site examination of every bank.
• D)The act gave private accountants a greater role in monitoring a bank's performance.
• E)The act produced prompt corrective action capital zones based on observable rules rather than discretion of examiners.

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Definitions:

Invoice Data

Information contained in an invoice, such as dates, quantities, prices, and terms of sale.

Marketing Research Activity

The process of gathering, analyzing, and interpreting information about a market, including the identification and assessment of a target audience, competitors, and industry trends.

Primary Data Collection

The process of gathering first-hand information directly from individuals or groups through surveys, interviews, or experiments for specific research purposes.

Secondary Data

Information that has been previously collected and published by others, used for research purposes as opposed to primary data gathered firsthand.