首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Banking organizations are highly geared, much more than commercial or industrial companies. They have custody of large volume of
Banking organizations are highly geared, much more than commercial or industrial companies. They have custody of large volume of
admin
2013-12-25
46
问题
Banking organizations are highly geared, much more than commercial or industrial companies. They have custody of large volume of monetary items, which makes them vulnerable to misappropriation and fraud. They therefore need to establish formal operating procedures, well defined limits for individual discretion rigorous system of internal control. Banking organizations engage in a large volume and variety of transactions. This necessarily requires complex accounting and internal control system and widespread use of electronic data processing. Banking organizations often assume significant commitments without any transfer of funds. These items may not involve accounting entries and consequently the failure to record such items may be difficult to detect. And most importantly, the failure of a bank, unlike most commercial firms, affects more than the fortunes of its shareholders and creditors, and may destabilize the whole economy.
Effective supervision of banking organizations is an essential component of a strong economic environment in that the banking system plays a central role in making payments and mobilizing and distributing savings. Strong and effective banking supervision provides a public good that may not be readily available in the marketplace. Along with effective macroeconomic policy, it is critical financial stability in any country. While the cost of banking supervision is indeed high, the cost of poor supervision has proved to be even higher.
For all these reasons, banks throughout the world are generally accorded a higher degree of official, supervision and regulation than other types of businesses. At the same time, banks are also provided with important elements of official protection. For example, the central bank usually acts as a lender of last resort to protect commercial banks against a temporary liquidity drain. This protection is an important component of the official safety net bank stopping the banking system. Another major aspect of that safety net takes the form of deposit insurance fund to guarantee bank depositors that they will get their money back in the event of a bank failure.
What is the main function of deposit insurance fund?
选项
A、To ensure that the banks have sufficient fund to finance other economic sectors.
B、To protect the banks from all kinds of risks arising from their operation.
C、To meet requirements of financial needs of the public.
D、To pledge to depositors that their money is safe whenever a bank is insolvency.
答案
D
解析
文章最后一段提到deposit insurance fund to guarantee bank depositors that they will gettheir money back in the event of a bank failure.deposit insurance fund(存款保险金)的作用是当银行面临风险的时候能保证储户的利益。
转载请注明原文地址:https://kaotiyun.com/show/B1id777K
本试题收录于:
FECT综合(现代金融业务)题库金融英语(FECT)分类
0
FECT综合(现代金融业务)
金融英语(FECT)
相关试题推荐
In1826,aFrenchmannamedNiepceneededpicturesforhisbusiness.Buthewasnotagoodartist.Soheinventedaverysimplec
[A]housework[B]skirt[C]piano[D]radio[E]shop[F]magazine[G]toothbrushYoulistentoitforinformationandentertainment.
Mr.Reeceisinterestingoldman.Mr.Reeceworked【C1】______afarm.Heandhiswife【C2】______alotofthingsandtheyhadsomec
A、Bycar.B、Forsomeinformationabouttravel.C、InNewYork.B
In1826,aFrenchmannamedNiepceneededpicturesforhisbusiness.Buthewasnotagoodartist.Soheinventedaverysimplec
In1870srichpeoplebegantospeakofspendingweekendsinthecountryvisitingfriends.Formostpeoplebackthen,however,th
NarberthLibraryoffersyoupleasurereadingandagreatnumberofinformationservices.TheLibrarywasbuiltin1921byamemb
Moneyislimitedtobanknotesandcoinsincirculation.
根据《公司条例》第4节,任何两个或更多的人为了合法的日的,可以根据《条例》规定的方式组成股份有限公司。说明根据《条例》可以组建的公司的类型。(1987年4月)
Thepriceofhotdogsincreasesby22%andthequantityofhotdogsdemandedfallsby25%.Thisindicatesthatdemandforhotdo
随机试题
有一栋10层的写字楼占地3000平方米,写字楼首层面积为1500平方米,2层至第10层每层建筑面积为1000平方米。据此,该写字楼建筑容积率的计算结果为()。
A.上消化道钡餐造影B.小肠导管造影C.钡剂灌肠D.腹部透视E.断层摄影
患者,男,56岁。颈后部肿块,红肿热痛,上有多个脓头,溃破后形似蜂窝,腐肉阻塞,脓液积蓄难出,肿痛难消。外治应首选()
具有宣肺、利水功效的药物是
消化性溃疡发病机制中的防御因子为()
依据行政诉讼的有关规定,下列哪一证据材料在原告不能自行收集,但能够提供确切线索时,可以申请人民法院调取?
下列财务指标中,可以反映企业资产管理效率的指标是()。
[*]
数据库设计中反映用户对数据要求的模式是( )。
Largecompaniesneedawaytoreachthesavingsofthepublicatlarge.Thesameproblem,onasmallerscale,facespractically
最新回复
(
0
)