Banks Are Required to Constantly Verify the Life and Competence

question 9

True/False

Banks are required to constantly verify the life and competence of their drawers.

---

Definitions:

Lead Time

The amount of time that elapses between the initiation and completion of a process, such as the period from order to delivery.

Short Life Span

Refers to products or entities characterized by a brief period of usefulness or relevance before they become obsolete or expire.

Local Markets

Marketplaces or economic regions focusing on the trade, sale, and consumption of goods and services within a specific geographic area, often tailored to the local community's needs and preferences.

Mobile Marketing

A digital marketing strategy aimed at reaching a target audience on their smartphones, tablets, and other mobile devices, via websites, email, SMS, social media, and apps.