Which of the Following Is Not a Least-Cost Resolution (LCR)requirement

question 9

Multiple Choice

Which of the following is not a Least-Cost Resolution (LCR) requirement under FDICIA?

• A)Consider and evaluate all possible resolution alternatives by computing and comparing their costs on a present value basis,using realistic discount rates.
• B)Place a bank or thrift into receivership as soon as its capital falls below some positive book value level.
• C)Document the evaluation and the assumption on which it is based.
• D)Retain documentation for at least five years.

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Definitions:

Loveless Marriages

Marriages in which the partners lack a romantic or emotional connection, often staying together for reasons other than love.

Legalization

The act of legalizing something that was once forbidden by law.

Prostitution

The practice of engaging in sexual activity in exchange for payment or other benefits.

Destructive

Causing harm or damage in a deliberate or negative way.