A Bank May Contractually Shift to Its Customer the Risk

question 4

True/False

A bank may contractually shift to its customer the risk of forged checks created electronically or otherwise by the use of non-manual signatures.

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Definitions:

Market To Book Value

A financial ratio used to compare a company's current market price to its book value, indicating how much shareholders are paying for the net assets of a company.

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity, indicating how efficiently a firm uses its equity to generate profit.

Leverage Ratio

The leverage ratio is a financial metric indicating the level of debt used by a business to finance its assets, often used to assess financial risk.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.