To Curb Attempted Fraud, Banks Should

question 163

Multiple Choice

To curb attempted fraud, banks should:

• A) Require greater vigilance by the management and st
• B) Take particular care when the beneficiary is a thi
• C) Ensure that details of all telephone deals which d
• D) All of the above.

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Definitions:

Educational Level

Educational level refers to the highest stage of formal education or schooling completed by an individual or provided in an educational system.

Level of Significance

The criterion used for rejecting the null hypothesis, representing the probability of committing a Type I error.

Expected Frequency

The forecasted count of occurrences over a given interval, often used in statistical analysis and probability.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true; commonly used thresholds include 0.05, 0.01, and 0.1.