Which of the Following Statements Is INCORRECT with Regards to Non-Strategic

question 50

Multiple Choice

Which of the following statements is INCORRECT with regards to non-strategic instruments?

• A) They can be debt instruments.
• B) They maintain an operating relationship with another company.
• C) They can be equity instruments.
• D) They generate investment income.

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Definitions:

Proximately Caused

The action that directly leads to a specific effect or outcome, establishing a clear causal link in legal responsibility.

ATM

An Automated Teller Machine that allows bank customers to perform financial transactions, such as withdrawals and deposits, electronically without a human teller.

Payor Bank

The bank that is responsible for paying the check or draft as specified by the person making the payment.

Midnight Deadline

The end point, usually referred to the close of business, or 11:59 PM, by which a particular task or obligation must be completed.