All of the Following Are Basic Functions of a Bank's

question 29

Multiple Choice

All of the following are basic functions of a bank's trading activities except:

• A) offering investment advice to customers.
• B) maintaining an inventory of securities for possible sale to investors.
• C) speculating on short-term interest rate movements.
• D) All of the above are basic functions of a bank's trading activities.
• E) None of the above are basic functions of a bank's trading activities.

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Definitions:

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, leading to damages or injury.

Statistical Tabulating

A process used in data analysis that involves organizing and summarizing data into useful tables which help in understanding the underlying patterns.

Surveyors

Professionals who assess and measure land, property, and construction projects to determine boundaries, dimensions, and the topographical makeup of an area.

Negligent Misstatement

A false statement made carelessly, causing someone to suffer loss or damage because they relied on it.