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:

Price Floor

A government or regulatory imposed minimum price for a good or service, aimed to prevent the market price from falling below a certain level.

Quota

A government-imposed limit on the quantity of a particular good that can be imported or exported.

Shrimp Market

A market that deals with the buying and selling of shrimp, often influenced by factors like supply, demand, and seasonal variations.

Quota

A regulation enforced by authorities that caps the quantity or financial worth of merchandise allowed to be imported or exported within a given timeframe.