The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989

question 28

Multiple Choice

The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 did which of the following?

• A)expanded the assets savings and loan associations could acquire
• B)created a new federal regulatory structure for the savings and loan industry
• C)reduced savings and loan associations required capital
• D)All of the above are correct.

---

Definitions:

European Efforts

Refers to collective actions or endeavors pursued by European countries or entities, often in the context of political, economic, or social initiatives.

Systems

Refers to organized and interconnected sets of parts or components that interact in a way that achieves a complex function or purpose.

Agents and Structures

Describes the dynamic between individual actors (agents) who possess agency, and the social structures that influence or constrain their actions and decisions.

Pierre Bourdieu

A French sociologist and public intellectual known for his theories on habitus, cultural capital, and the social structures of society.