Those Regulatory Agencies That Have Adopted Some Form of Book

question 118

Multiple Choice

Those regulatory agencies that have adopted some form of book value accounting standard to measure an FI's capital include all of the following except

• A)The Securities and Exchange Commission (SEC).
• B)The Federal Reserve.
• C)The Office of the Comptroller of the Currency (OCC).
• D)The FDIC.

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Definitions:

Interest

The cost of borrowing money or the payment received for the investment of money, typically expressed as a percentage of the principal.

Maturity Value

Maturity Value is the amount payable to an investor at the maturity date of a financial instrument, typically including the principal and the interest.

Note Receivable

A written promise to pay a specified amount, usually interest-bearing, that is recognized as an asset on the lender's balance sheet.

Promissory Notes

Written promises to pay a specified sum of money to a certain person or entity at a defined time or on demand.