Which Act Imposed Uniform Capital Standards Among Twelve Countries

question 86

Multiple Choice

Which act imposed uniform capital standards among twelve countries?

• A)The Basel Accord of 1988
• B)The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989
• C)The Federal Deposit Insurance Corporation Improvement Act (FDICIA) of 1991
• D)The Interstate Banking and Branching Efficiency Act (IBBEA) of 1994

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Definitions:

Fire Damage

Destruction or injury caused by fire.

Shareholder

An individual or entity that owns part of a public or private corporation through possession of one or more shares of its stock.

Insurable Interest

The financial or other type of interest a policyholder must have in the subject matter of the insurance policy, ensuring they suffer a financial loss if the insured event occurs.

Corporation Assets

The tangible and intangible assets owned by a corporation, including real estate, equipment, intellectual property, and financial investments.