Banks Have a Fiduciary Responsibility to Ensure That Clients Have

question 549

Multiple Choice

Banks have a fiduciary responsibility to ensure that clients have all necessary information to understand the transaction because this:

• A) Will encourage clients to do more business.
• B) Will help prevent potential litigation.
• C) Will help banks sell sophisticated risk management solutions.
• D) Is required by all regulators.

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Definitions:

Dependent Variables

In experimental research, the variable that is being measured or tested, and is expected to change as a result of manipulations to the independent variable.

Experimental Test

An experimental test is a research method where the researcher manipulates one or more variables under controlled conditions to study their effect on other variables.

Hypothesis

A proposed explanation for a phenomenon, based on limited evidence as a starting point for further investigation.

Test Validity

The extent to which a test measures what it is intended to measure and the accuracy of the test results.