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:

Viola

A stringed instrument that is slightly larger than a violin and plays notes that are deeper and lower in pitch.

Mere-exposure Effect

The phenomenon by which people develop a preference for things simply because they are familiar with them.

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The probability or chance that a particular event will occur, often used in statistical and probability contexts.

Persuasive Speech

A form of communication aimed at convincing the audience to accept a certain viewpoint or take a specific action.