One Significant Feature of DIDMCA Was That It

question 36

Multiple Choice

One significant feature of DIDMCA was that it

• A) expanded the ability of the Fed to influence unemployment rates.
• B) expanded Fed control over the reserve requirements of non-member banks.
• C) created the FDIC.
• D) eliminated regulation Z.

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Definitions:

Acquisition-Date Fair Value

The fair value of an asset or liability measured at the date a business combination is effected.

Bonds Payable

A long-term liability account on a company’s balance sheet that represents the amount owed to bondholders by the issuer, to be repaid at a future date.

Unamortized Premium

Unamortized Premium is the portion of the bond premium that has not yet been expensed and is allocated over the remaining life of the bond as an adjustment to interest expense.