To Curb Attempted Fraud, Banks Should

question 87

Multiple Choice

To curb attempted fraud, banks should:

• A) Require greater vigilance by the management and staff.
• B) Take particular care when the beneficiary is a third party to the deal.
• C) Ensure that details of all telephone deals which do not include pre-agreed standard settlement instructions are confirmed by telex or similar means without delay.
• D) All of the above.

---

Definitions:

Self-Esteem

Self-esteem is the subjective evaluation of one's own worth, including feelings of confidence, competence, and self-respect.

Death Anxiety

The fear or apprehension about the inevitability of death and the uncertainty surrounding it.

Uncertainty

The state of being unsure or having doubts, often marked by a lack of definite knowledge, information, or conclusions.

Negative Stereotypes

Overgeneralized and unfavorable beliefs about a group that do not consider individual differences within the group.