Possible Breakdowns in Quality Control,inefficiencies in Producing and Delivering Financial

question 68

Multiple Choice

Possible breakdowns in quality control,inefficiencies in producing and delivering financial services,weather damage,aging or faulty computer systems,and errors in judgment by bank management illustrate what form of risk faced by banks?

• A)Credit risk
• B)Liquidity risk
• C)Interest-rate risk
• D)Operational risk
• E)None of the options is correct.

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Definitions:

Claims

Assertions or demands for something as due or belonging to one, often in reference to products or services in business contexts.

Adjustment Requests

Requests made to modify or amend a particular element or component, often seen in business or operational contexts.

Recommendation Letters

Written endorsements of an individual's character, abilities, and potential, usually for purposes of employment or admission.

Company's Policy

Guidelines and rules established by a company to govern its operations, employee behavior, and business dealings.