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Which of the Following Did the Financial Institutions Reform, Recovery

Question 59

Multiple Choice

Which of the following did the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) not do?


A) injected $50 billion-raised by issuing taxpayer-financed bonds-into a newly created SAIF
B) created the Office of Thrift Supervision (OTS) and Resolution Trust Corporation (RTC)
C) relaxed restrictions on the investments S&Ls could make
D) made deposit insurance the full-faith and credit obligation of the federal government

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