The policy of prompt corrective action (PCA) by federal intervention when a banks capital falls below certain minimums was introduced with the ___________.

A. Federal Deposit Insurance Corporation Improvement Act B. Financial Services Modernization Act C. USA Patriot Act D. Foreign Bank Supervision Enhancement Act E. Foreign Banking Activity Powers Enforcement Act

5. A bank identified as a problem bank would have all but which of the following as a prompt corrective action (PCA) taken by regulators?

A. Regulators may examine such banks frequently and thoroughly. B. Regulators may request that a bank boost its capital level or delay its plans to expand. C. Regulators can require that additional financial information be periodically updated to allow continued monitoring. D. Regulators have the authority to take legal action against a problem bank if the bank does not comply with their suggested remedies. E. All of the above are possible corrective actions taken by bank regulators.

6. After the Depression, the largest number of bank failures in the U.S. occurred in which time span?

A. 1956-1965 B. 1966-1975 C. 1976-1985 D. 1986-1995 E. 1996-2005