Which of the Following Was a Deregulation Provision Covered by the Depository

question 104

Multiple Choice

Which of the following was a deregulation provision covered by the Depository Institutions Deregulation and Monetary Control Act (DIDMCA) ?

• A)expansion of asset and liability powers for banks and thrifts
• B)reserve requirements for all depository institutions
• C)uniform reserve requirements
• D)universal interest rate requirements

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the sum of the fair value of its identifiable net assets.

Annual Impairment Test

A review conducted yearly to determine if an asset's carrying value exceeds its recoverable amount, leading to an adjustment if necessary.

Tax-loss Carryforwards

A provision in the tax code that allows an individual or company to use losses from one year to offset future profits for tax purposes.

External Growth

Expansion of a company's operations through acquisitions, mergers, or partnerships, rather than through organic growth.