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If a bank is in a 'state of continuing inability or unwillingness to maintain a condition of liquidity deemed adequate to protect the interest of depositors and creditors', the Monetary Board may appoint a __________ to take charge of the assets and liabilities of the bank.*

If a bank is in a 'state of continuing inability or unwillingness to maintain a condition of liquidity deemed adequate to protect the interest of depositors and creditors', the Monetary Board may appoint a __________ to take charge of the assets and liabilities of the bank.*

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If a bank is in a 'state of continuing inability or unwillingness to maintain a condition of liquidity deemed adequate to protect the interest of depositors and creditors', the Monetary Board may appoint a __________ to take charge of the assets and liabilities of the bank.*
 
 
conservator
new owner
receiver
rehabilitator
terminator
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