The Major Provisions of the Competitive Equality Banking Act of 1987

question 42

Multiple Choice

The major provisions of the Competitive Equality Banking Act of 1987 include

• A)expanding the responsibilities of the FDIC,which is now the sole administrator of the federal deposit insurance system.
• B)the establishment of the Resolution Trust Corporation to manage and resolve insolvent thrifts placed in conservatorship or receivership.
• C)directing the Federal Home Loan Bank Board to continue to pursue regulatory forbearance.
• D)prompt corrective action when a bank gets in trouble.

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Definitions:

Primary Key

The unique identifier for each record in a database table, ensuring no two rows have the same key.

Validation Rules

Criteria or checks set in data input fields to ensure that the data entered follows certain standards or requirements.

Data Entry

The process of inputting data or information into a computer system or database for storage or processing.

Property Box

A dialog box in software applications where users can view and change the properties of a selected object or item.