The BIS Definition: "The Risk of Loss Resulting from Inadequate

question 70

Multiple Choice

The BIS definition: "the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events," encompasses which of the following risks?

• A)Credit risk and liquidity risk
• B)Operational risk and technology risk
• C)Credit risk and market risk
• D)Technology risk and liquidity risk
• E)Sovereign risk and credit risk

Understand the fundamental concepts of debits and credits in accounting.

Comprehend the structure and purpose of a general ledger in financial accounting.

Identify the characteristics and classification of different types of accounts (asset, liability, equity, revenue, and expense).

Recognize the role and construction of T-accounts in the accounting process.

---

Definitions:

Torture

The act of inflicting severe physical or psychological pain on someone as a form of punishment, to extract information or confession, or for the pleasure of the torturer.

Deindividuation

A psychological state of decreased self-evaluation and decreased evaluation apprehension causing antisocial behavior, often occurring in group situations.

Twitter

A social media platform that allows users to post, interact with messages known as "tweets", and follow other users' activities.

Virtual Anonymity

The condition of being anonymous online, allowing users to interact without revealing their true identities.