In a Filing System Containing a Total of 1,255 Records

question 289

Multiple Choice

In a filing system containing a total of 1,255 records, 48 records are identified as misfiles. What is the percentage of filing accuracy for this area?

• A) 26.14%
• B) 74%
• C) 3.82%
• D) 96%

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Definitions:

Issuing Bank Notes

The process by which a central bank or monetary authority prints and distributes the national currency, which serves as legal tender.

Reserve Requirements

Central bank regulations that set the minimum amount of reserves that must be held by a commercial bank, affecting the bank's ability to lend.

Board of Governors

An executive committee or oversight body responsible for setting policies and managing the affairs of an organization, such as a central bank or educational institution.

Bank Acts

Bank Acts are laws and regulations that govern the operations, establishment, and oversight of banks, aiming to ensure their stability and integrity.