Which of the Following Is NOT an Aspect of ING

question 20

Multiple Choice

Which of the following is NOT an aspect of ING Direct's no-frills strategy?

• A)High interest rates
• B)Offers only a handful of basic products
• C)Lures low-maintenance customers
• D)Firing customers who don't fit the profile
• E)Increased contact with the bank

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Definitions:

Monetary Items

Items in financial reporting that are held in the form of cash or can be readily converted to a fixed or determinable amount of cash, such as currency, receivables, and payables.

ASX

The Australian Securities Exchange, which is the primary stock exchange in Australia, where securities are bought and sold.

Shares

Ownership units in a company that represent a portion of the corporation's capital, giving the shareholder a right to a part of the profits and assets.

Foreign Exchange Risk

The risk that an entity’s financial position, financial performance, or cash flows will be affected by fluctuations in exchange rates.