19-93 Which of the Following Considerations Was Not Imposed by FDICIA

question 43

Multiple Choice

19-93 Which of the following considerations was not imposed by FDICIA in an attempt to increase regulatory discipline?

• A)The act required improved accounting standards for banks.
• B)The act forbids the use of brokered deposits.
• C)The act required an annual on-site examination of every bank.
• D)The act gave private accountants a greater role in monitoring a bank's performance.
• E)The act produced prompt corrective action capital zones based on observable rules rather than discretion of examiners.

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Definitions:

Plaintiff Losses

Damages or costs incurred by the plaintiff in a legal case, which they seek to recover through litigation.

Dram Shop Acts

Laws in several U.S. states that impose liability on establishments serving alcoholic drinks to intoxicated persons or minors who subsequently cause harm to others.

Bartenders

Individuals who mix and serve alcoholic beverages and other drinks to customers in bars, clubs, or similar establishments.

Bar Owners

Individuals or entities that own establishments serving alcoholic beverages to the public.