Prior to the Most Recent Financial Crisis, the Risks Faced

question 3

Multiple Choice

Prior to the most recent financial crisis, the risks faced by FIs have traditionally been measured and managed by

• A)outside agencies such as Moody's or Standard and Poor's.
• B)functional risk area such as liquidity risks, price risk, or credit risk.
• C)designated regulatory agencies for the industries in which the FI operates.
• D)using enterprise risk management techniques.
• E)None of the options.FIs did not monitor nor manage the risks that they face.

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Definitions:

Socialism

An economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.

Sexual Harassment

Unwanted or inappropriate sexual advances, requests for sexual favors, or other verbal or physical harassment of a sexual nature, typically in the workplace or academic settings.

Pay Discrimination

The unequal treatment of employees by paying different wages based on non-job-related factors such as race, gender, or age.

Multicultural Organization

An organization that values diversity and incorporates practices that respect and benefit from different cultures.