Multiple Choice
Which of the following statements regarding bank regulation is true?
A) The Basel Accord specifies the amount of reserves banks must hold relative to their deposits.
B) The 1989 Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) was passed in response to the 1987 stock market crash and was an attempt at deregulation following the crises of the early 1980s.
C) The Community Reinvestment Act has been weakened by the recent increase in bank mergers.
D) As a result of the Basel Accord, Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) , and the Federal Deposit Insurance Corporation Improvement Act (FDICIA) , banks and other depositories are now subject to both risk-based capital standards and risk-based insurance premiums.
Correct Answer:
Verified
Correct Answer:
Verified
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