When Is It Possible for a Bank to Be Exempted

question 196

Multiple Choice

When is it possible for a bank to be exempted from compliance with some of the Government Securities Act custodial regulations?

• A) When the bank maintains its securities in the ordinary course of business
• B) When the bank has procedures in place to make sure it complies with the custodial regulations of its federal regulatory agency
• C) When the bank does not hold itself out as a government securities broker or dealer
• D) When the bank uses more than the normal standard of care when maintaining possession and control of securities

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Definitions:

Promotions

The process of elevating an employee to a higher position or rank within an organization, often accompanied by increased responsibilities and pay.

Negative Stimulus

Any factor or event that is perceived as unfavorable or unpleasant, which can lead to a response aimed at avoiding or diminishing it.

Strengthen Behaviour

Enhancing or increasing the frequency of a specific behavior through positive reinforcement or other motivational techniques.

Direct Experience

First-hand exposure or involvement in a particular situation, activity, or environment, without mediation or interpretation by others.