The Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 did which of the following?
A)expanded the assets savings and loan associations could acquire
B)created a new federal regulatory structure for the savings and loan industry
C)reduced savings and loan associations required capital
D)All of the above are correct.

Question

Quizplus · Accepted Answer

FIRREA created a new federal regulatory structure for the savings and loan industry. While it did expand the assets that savings and loan associations could acquire, it also increased their required capital, making choice A incorrect. Choice C is also incorrect as it describes a reduction in required capital, which is not accurate.