Which of the Following Agreements Were Made as a Part

question 8

Multiple Choice

Which of the following agreements were made as a part of the Basel III Accord (2010) ?

• A) Agreement to increase banks' capital (owners' equity) requirements in an effort to reduce the risk that mega bank failures will cause future financial crises
• B) Agreement to put restrictions on the ability of the U.S. government to use taxpayers' funds to bail out large financial institutions
• C) Agreement to create new organizations to help provide consumers clear and accurate information related to credit so that better-informed decisions can be made
• D) Agreement to permit the U.S. government to purchase up to $700 billion in troubled mortgages in an attempt to improve liquidity in the financial markets
• E) Agreement to limit the salaries of executives whose companies received Troubled Asset Relief Program (TARP) funds.

---

Definitions:

Accounting Services

Professional services that involve maintaining financial records, tax preparation, and audit assistance.

Software

A collection of data, programs, procedures, and instructions that tell the hardware of a computer what to do.

Accumulated Depreciation

Represents the total depreciation expense charged against an asset over its useful life up to a specific date, reflecting the decrease in value of physical assets.

Adjusting Journal Entry

A record made in the books at the close of an accounting period for the purpose of assigning income and expenses to their rightful period.