Multiple Select Question

Question

Select all that apply

Which of the following are reasons that the Fed makes periodic examinations of banks?
Multiple select question.

To ensure that banks perform in accordance with regulations

To elect new bank leadership

To assess bank profitability

To uncover questionable practices

Answer 1

The correct options for why the Fed makes periodic examinations of banks are:

1. To ensure that banks perform in accordance with regulations
2. To assess bank profitability
3. To uncover questionable practices

The option "To elect new bank leadership" is not a reason for the Fed's examinations of banks.