According to the Text,the Competitive Equality in Banking Act of 1987

question 10

Multiple Choice

According to the text,the Competitive Equality in Banking Act of 1987

• A) turned the thrift industry around by providing the necessary funds to close the "zombie S&Ls."
• B) lowered the cost of bailing out the S&Ls by quickly closing "zombie S&Ls" before they could cause other thrifts to fail.
• C) failed to provide the funds necessary to close ailing S&Ls, and actually encouraged regulators to continue to pursue regulatory forbearance.
• D) did both A and B of the above.

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Definitions:

Motion Studies

The systematic study of the human motions used in work processes, aiming to improve efficiency by reducing unnecessary motions and simplifying tasks.

Bureaucratic Organizations

A type of organization characterized by a hierarchical structure, formalized rules and procedures, and a clear division of labor.

Division of Labour

The allocation of different parts of a manufacturing process or task to different individuals or groups, with the aim of improving efficiency.

Social Connections

The relationships and networks that individuals have with other people, which can provide support, information, and resources.