The Primary Reason That a Bank Would Maintain a Separate

question 215

Multiple Choice

The primary reason that a bank would maintain a separate compliance function is to:

• A) Better manage perceived high risks.
• B) Strengthen controls over the bank's investments.
• C) Ensure the independence of line and senior management.
• D) Better respond to shareholder expectations.

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Definitions:

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs.

Dependence

A state in which an organism requires a substance or condition for normal functioning or well-being, often associated with addiction.

Neurons

Specialized cells of the nervous system that transmit information to other nerve cells, muscle, or gland cells through electrical and chemical signals.

Dendrites

The branched extensions of a neuron that receive signals from other neurons and transmit them towards the cell body.