An Organization Where Policies,procedures,job Descriptions and Rules Are Written and Explicitly

question 81

Short Answer

An organization where policies,procedures,job descriptions and rules are written and explicitly articulated is ____________.

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Definitions:

Compliance

The act of conforming to or following rules, regulations, standards, or laws.

Reserves

Funds or assets set aside to meet future liabilities, unexpected costs, or potential financial obligations.

Reserve Requirement

The minimum amount of reserves a bank must hold against deposits, set by central banks to ensure bank liquidity and stability.

Deposits

Funds placed in a bank account that can be withdrawn by the account holder, typically used for safekeeping or to earn interest.