The _______________________ Was Designed Mainly to Assist the Savings and Loan

question 91

Multiple Choice

The _______________________ was designed mainly to assist the savings and loan industry.

• A) Glass Steagall Act
• B) Gramm-Leach-Bliley Act
• C) Garn-Saint Germain Act
• D) Depository Institutions Deregulation and Monetary Control Act

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.

Current Liabilities

Short-term financial obligations that are due to be paid within one fiscal year or the operating cycle, whichever is longer.

Non-current Liabilities

Non-current liabilities are obligations a company owes that are not expected to be paid within the next twelve months, including long-term loans, bond payables, and deferred tax liabilities.

Current Assets

Resources anticipated to be turned into cash, disposed of, or used up either within a year or over the course of the operating cycle, depending on which period extends further.