Which of the Following Statements Is True in Relation to Bank

question 44

Multiple Choice

Which of the following statements is true in relation to bank obligations to guarantors under the Code of Banking Practice?

• A)The bank must advise the guarantor about the minimum sum being guaranteed.
• B)The bank must inform the guarantor about the need to obtain independent advice.
• C)The bank is obliged under privacy laws from advising the guarantor about the debtor's capacity to repay the loan.
• D)All of the above.

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Definitions:

Mental Elements

Fundamental components or aspects that constitute the mind or psychological processes.

Titchener

Edward Titchener was a psychologist who is best known for developing the school of thought known as structuralism, focusing on the components of the human mind.

Psychological Laboratory

A controlled environment designed for conducting research, experiments, and studies in psychology.

Wilhelm Wundt

Considered the father of experimental psychology, he established the first psychology laboratory at the University of Leipzig in 1879.