The FDICIA of 1991 Strengthened the Role of Regulators to Monitor

question 38

Multiple Choice

The FDICIA of 1991 strengthened the role of regulators to monitor bank asset quality by the following measures EXCEPT

• A)requiring improved accounting standards for banks.
• B)giving private accountants an increased role in monitoring bank performances.
• C)requiring an annual on-site examination by regulators.
• D)requiring banks to work on achieving market value accounting.
• E)disallowing independent audits.

Determine the taxability of employer-paid premiums on life insurance based on coverage limits.

Analyze how savings bond interest exemption is affected by modified AGI and filing status.

Recognize various income items and their reporting requirements on tax returns.

Distinguish between taxable and non-taxable income types, including corporate dividends and social security benefits.

---

Definitions:

Automatically Backup

Automatically backup refers to the process of copying data to a secondary location without manual intervention, ensuring data preservation in case of device failure or data loss.

Data Backup

The process of creating a copy of data to protect against accidental loss or corruption.

Home Network Server

A device designed to store media, share media across the network, and back up files on computers connected to a home network.

Special Software

Software designed to perform specific, niche tasks that standard software packages may not cater to.