To Prevent Data Entry Clerks from Having Access to Data

question 75

True/False

To prevent data entry clerks from having access to data that is not needed in their jobs,such as salaries or social security numbers of employees,a form can be developed that gives them only the access they need to complete their work.

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Definitions:

Federal Reserve's Assets

These are financial assets held by the Federal Reserve Bank, including government securities, mortgage-backed securities, and loans to banks.

Excess Reserves

The capital reserves held by a bank or financial institution in excess of what is required by regulators, creditors, or internal controls.

Required Reserve Ratio

The fraction of deposits that a bank is required by regulation to hold in reserve, not loaning them out, ensuring banks can meet their depositor's demands.

Required Reserve

The minimum amount of funds that a bank must hold in reserve against deposits made by customers, as mandated by central banking authorities.