Which of the Following Would Not Be an Operations Function

question 93

Multiple Choice

Which of the following would not be an operations function in a commercial bank?

• A) auditing
• B) teller scheduling
• C) maintenance
• D) collection
• E) cheque clearing

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Definitions:

Sell

The act of disposing of an asset or security in exchange for cash or another financial instrument.

Margin

The amount of equity contributed by an investor as a percentage of the current market value of the securities held in a margin account.

Marked To Market

A method of measuring the fair value of accounts that can fluctuate over time, such as assets and liabilities, by updating them to their current market values.

Good-Faith Deposit

A sum of money provided as a sign of commitment or seriousness, often used in transactions like real estate purchases to secure a deal before finalizing.