The Ability to Use the Too-Big-To-Fail Policy Was Curtailed by the Passage

question 32

Multiple Choice

The ability to use the too-big-to-fail policy was curtailed by the passage of the FDICIA. To use this action today,the FDIC must get approval of a two-thirds majority of both the Board of Governors of the Federal Reserve and the directors of the FDIC and also the approval of the

• A) Secretary of the Treasury.
• B) Senate Finance Committee Chairperson.
• C) President of the United States.
• D) Governor of the state in which the failed bank is located.

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Definitions:

Visual Acuity

A measure of the clarity or sharpness of vision, typically assessed by the ability to discern letters or numbers at a given distance according to a standardized chart or test.

Hair Length

A physical measurement referring to the extent from the root of the hair on the scalp to its tip.

Isolated Rural

Referring to rural areas that are geographically distant from urban centers and often characterized by a low population density and limited access to services and infrastructure.

IQ

An abbreviation for Intelligence Quotient, a measure of a person's intellectual abilities in relation to their age group.