20-96 the Concept of Prompt Corrective Action Refers to the Requirement

question 122

Multiple Choice

20-96 The concept of prompt corrective action refers to the requirement

• A)that bank managers must address problems in the loan portfolio when they are first identified.
• B)that regulators must take specific actions when bank capital levels fall outside the well-capitalized category.
• C)that a receiver must be appointed when a bank's book value of capital to assets falls below 2 percent.
• D)that b and c above are correct.
• E)that all of the above are correct.

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