Which of the Following Statements Is True

question 17

Multiple Choice

Which of the following statements is true?

• A)The Basel Accord imposes minimum earnings ratios on banks in major industrialised countries.
• B)The Basel Accord imposes maximum asset values on banks in major industrialised countries.
• C)The Basel Accord imposes minimum liability values on banks in major industrialised countries.
• D)The Basel Accord imposes risk-based capital ratios on banks in major industrialised countries.

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Definitions:

Respondeat Superior

is a legal doctrine that holds an employer or principal legally responsible for the wrongful acts of an employee or agent, if such acts occur within the scope of employment or agency.

Tort Law

The area of law that deals with civil wrongs, providing remedies for those harmed by the unreasonable actions of others.

Liable

Legally responsible or obligated, typically referring to the accountability of persons or entities in civil law for actions or omissions.

Juriscience

The scientific study of law and legal systems, aiming to apply scientific methods and principles to legal questions and issues.