The ability to use the too-big-to-fail policy was curtailed by the passage of the FDICIA
To use this action today, the FDIC must get approval of a two-thirds majority of both the Board of Governors of the Federal Reserve and the directors of the FDIC and also the approval of the A) Secretary of the Treasury.
B) Senate Finance Committee Chairperson.
C) President of the United States.
D) governor of the state in which the failed bank is located.
A
You might also like to view...
Which of the following is an example of an automatic stabilizer during a recession?
A) A decrease in tax revenue due to an increase in unemployment B) An increase in money supply due to a decrease in bank deposits C) An increase in interest rates due to a decrease in investment D) A decrease in inflation due to an increase in consumption
What is the difference between physical capital and human capital?
What will be an ideal response?