Which of the Following Types of Controls Is a Turnstile

question 980

Multiple Choice

Which of the following types of controls is a turnstile?

• A) Physical
• B) Detective
• C) Corrective
• D) Technical

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Definitions:

Total Reserves

The amount of funds that a bank or financial institution has in its vault or with the central bank, available to meet any withdrawal or payment demands.

Debit Cards

Payment cards that deduct money directly from a consumer's checking account to pay for a purchase.

PIN Number

A personal identification number that securely authenticates a user's identity, often used in bank transactions.

Credit Cards

Financial instruments issued by banks and financial institutions that allow cardholders to borrow funds up to a specified limit to purchase goods and services.