Which of the Following Did the Financial Institutions Reform, Recovery

question 59

Multiple Choice

Which of the following did the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) not do?

• A)injected $50 billion-raised by issuing taxpayer-financed bonds-into a newly created SAIF
• B)created the Office of Thrift Supervision (OTS) and Resolution Trust Corporation (RTC)
• C)relaxed restrictions on the investments S&Ls could make
• D)made deposit insurance the full-faith and credit obligation of the federal government

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Definitions:

Line Shutting Down

The process of stopping or closing a production line or part of a business operation, often temporarily or permanently.

Computer Desks

Furniture designed to accommodate desktop computers, peripherals, and related accessories, often including features like keyboard trays and cable management.

Brokers

Intermediaries who arrange or negotiate transactions between buyers and sellers for a commission or fee.

Agents

Individuals or entities that act on behalf of another person or organization in a particular business transaction or legal matter.