The Deregulation of U

question 71

Multiple Choice

The deregulation of U.S.banking in the 1980s led to:

• A)increased profits at all banks.
• B)no change in banks' conduct.
• C)more bank failures than in the 1930s.
• D)the insolvency and collapse of many banks as they began to hold riskier assets.
• E)the end of FDIC insurance for banks that held risky assets.

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Definitions:

Repayment Plan

An agreement between a borrower and lender detailing the manner in which a loan will be paid back, often including the schedule, amounts, and duration.

Discharged of the Rest

This term could refer to the legal release from the remainder of an obligation or debt when conditions have been partially met or circumstances have changed, but is not a standard legal term and requires more specific context for accurate definition.

Financial Situation

Refers to the current state of an individual's or organization's finances, encompassing assets, liabilities, income, and expenses.

Bankruptcy Trustee

An appointed official who oversees and manages the estate of a debtor during bankruptcy proceedings, including the distribution of assets to creditors.