The Risk That a Bank Faces from the Possibility of a Foreign

question 34

Multiple Choice

The risk that a bank faces from the possibility of a foreign terrorist hacking into its computer network is known as __________ risk.

• A)liquidity
• B)country
• C)market
• D)operational

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Definitions:

Liability

A financial obligation or amount that an individual or entity owes to another.

Misrepresented Authority

An instance where someone incorrectly asserts or implies they have the power to act on behalf of another party, potentially leading to binding agreements or legal consequences.

Personal Liability

Personal liability means an individual's legal responsibility to fulfill debts or obligations, which can extend to their personal assets.

Non-existent Corporation

A corporation that either has not been legally established or has been dissolved, thereby lacking legal recognition.