Which of the Following Bank Policies Does NOT Comply with the Interagency

question 416

Multiple Choice

Which of the following bank policies does NOT comply with the Interagency Policy Statement on the Retail Sales of Nondeposit Investments?

• A) Supervisors and sales personnel will receive compensation based on the volume of sales each department achieves as well as the effectiveness of the department's ability to find suitable investments for customers.
• B) All bank employees engaged in the sale of nondeposit investments will provide the bank's required disclosures to all customers before the purchase of a nondeposit investment product.
• C) No teller will discuss nondeposit investment products with a bank customer.
• D) Tellers and new accounts personnel will receive a $25 fee for all customers referred to the nondeposit investment department on the customer's purchase of an investment product.

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Definitions:

Infant's Development

The process by which infants grow and develop in physical, cognitive, emotional and social aspects from birth to the end of their infancy period.

Eye Diseases

Eye diseases encompass various medical conditions that affect the eye and can impair vision, including glaucoma, cataracts, and macular degeneration.

Advancing Age

The process of getting older, associated with physical, psychological, and social changes.