Which of the Following Set Minimum Capital Requirement for the Savings

question 41

Multiple Choice

Which of the following set minimum capital requirement for the savings and loans?

• A)the Basel Accord
• B)the Federal Reserve
• C)the Securities and Exchange Commission
• D)the Financial Institutions Reform Recovery, and Enforcement Act of 1989 (FIRREA)

---

Definitions:

Tax Status

Refers to the classification of an entity or individual for tax purposes, based on criteria like income, employment, or ownership structure, affecting tax responsibilities.

Declaring Dividends

The action by a company's board of directors to distribute profits to shareholders in proportion to the amount of shares they own.

Significant Policy Decisions

Refers to important choices made by governments or organizations that influence the direction of policies or actions.

Appointing Officers

Individuals or entities authorized to assign positions or roles within an organization or government.