A Bank Invests $250 Million to Add the Ability to Provide

question 39

Multiple Choice

A bank invests $250 million to add the ability to provide online bill paying for its customers. Usage of the new service is at about 50% of expected usage. This is an example of

• A) technological risk.
• B) operational risk.
• C) market risk.
• D) credit risk.
• E) derivative risk.

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Definitions:

High Productivity

An indicator of efficient production, where a high output is achieved with a minimal amount of input or effort.

United States

A country in North America known for its significant influence on global economics, politics, and culture, established through its democratic government and advanced economy.

Union Strategies

Tactics and plans employed by labor unions to improve worker conditions, wages, and benefits.

Increase Wages

The process of raising the amount of money paid to workers for their labor, often in response to inflation, increased living costs, or improved worker productivity.