A Reason Why Rogue Traders Have Bankrupt Their Banks Is

question 142

Multiple Choice

A reason why rogue traders have bankrupt their banks is due to

• A)the separation of trading activities from the bookkeepers.
• B)stringent supervision of trading activities by bank management.
• C)accounting errors.
• D)a failure to maintain proper internal controls.

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Definitions:

Economic Principle

Basic theories or laws that underpin the functioning of economic systems and guide the understanding of economic interactions and outcomes.

Economy-Wide Interactions

The relationships and exchanges between different economic agents and sectors within an entire economy.

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Congress

The national legislative body of the United States, consisting of the Senate and the House of Representatives.