Which of the Following Organizations Does Not Require That Banks

question 58

Multiple Choice

Which of the following organizations does not require that banks report to it?

• A)Internal Revenue Service
• B)Federal Reserve System
• C)Comptroller of the Currency
• D)Federal Deposit Insurance Corporation
• E)Interstate Commerce Commission

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Definitions:

Enterprise Resource Planning

A type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and manufacturing.

Back Office

The administrative and support personnel in an organization who are not client-facing.

Database Software

An electronic filing system best used for larger and more complicated groups of data that require more than one table and the ability to group, sort, and retrieve data and generate reports.

Microsoft Excel

A spreadsheet program developed by Microsoft, used for data organization, calculation, graphing tools, and pivot tables.