What Is the Longest Time After Board Approval That a Bank

question 235

Multiple Choice

What is the longest time after board approval that a bank can approve a line of credit for an executive officer?

• A) 12 months of such approval
• B) 9 months of such approval
• C) 14 months of such approval
• D) 6 months of such approval

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Definitions:

Availability Heuristic

A quick mental leap utilizing examples that spontaneously arise in an individual's thoughts during the evaluation of a specific subject, concept, technique, or decision-making process.

Confirmation Bias

The predisposition to explore, decode, favor, and reminisce facts in a fashion that corroborates one's preconceived notions or speculations.

Certain Outcome

An outcome that is guaranteed or known to happen without any doubt.

Risky Outcome

A potential result of an action or decision that involves uncertainty and the possibility of negative consequences.