Which of the Following Is an Intent of the Bank

question 14

Multiple Choice

Which of the following is an intent of the Bank Secrecy Act?

• A)To create international standards that strengthen global capital and liquidity rules with the goal of promoting a more resilient banking sector
• B)To strengthen computer and network security within the U.S.federal government and affiliated parties by mandating yearly audits
• C)To detect and prevent money laundering by requiring financial institutions to report certain transactions to government agencies.
• D)To protect against identity theft by imposing disclosure requirements for businesses and government agencies that experience security breaches that might put the personal information of California residents at risk

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Definitions:

Dividend

A portion of a company's earnings that is distributed to shareholders, usually on a quarterly or annual basis.

Variance

A statistical measure that represents the dispersion or spread of a set of data points or investment returns around their mean or average value.

Total Rate of Return

A measure of the total gain or loss on an investment over a specified period, including both capital gains and dividends or interest.

Total Dollar Return

The overall financial gain or loss on an investment, expressed in dollars, including dividends, interest, and capital gains.