Which of the Following Represents an Inherent Risk for a Financial

question 28

Multiple Choice

Which of the following represents an inherent risk for a financial institution?

• A)Bank reconciliations are not performed on a timely basis.
• B)The economy goes into a recession.
• C)Customer credit check not performed.
• D)An error occurs in a loan loss calculation.

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Definitions:

Side-Effects

Secondary, typically undesired effects of a drug or medical treatment.

Medications

Substances used to diagnose, treat, prevent, or cure diseases and affect the body's structure or function.

Sensory Loss

The partial or total loss of function of one or more of the senses, like sight, hearing, or touch.

Wellness Class

An educational session or series focusing on promoting and maintaining health and well-being.