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
2012-01-26
26
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 get their 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/mEid777K
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
[A]bridge[B]supermarket[C]radio[D]map[E]book[F]letter[G]busPeoplelistentoittoenjoythemselves.
Whenyouareinvitedtoattendapartyinthewest,thefirstimportantthingyouneedtoknowisarrivinglate.Itisagre
Americanswithsmallfamiliesownasmallcaroralargeone.Ifbothparentsareworking,theyusuallyhavetwocars.Whenthe
Weight(体重)isoneofthetaboosubjects.InAmerica,itisOK,orevengood,tobethinbutitisanembarrassment(尴尬)tobeov
Alltheworkers______togetherandwrotealettertotheheadofthecompany.
Acommercialpaperisessentiallyapromissorynote,securedandwithamaturitydate.
Beforeissuingacredit,whatmustthebankmakecertain?
ARedClauseDocumentaryCreditisaDocumentaryCreditwithaspecialconditionincorporatedintoitthatauthorizestheConfir
Afirm’scashflowscanbedividedintocashflowfrom:(1)operatingactivities(2)investmentactivities,and(3)financingac
ThecountriesintheMiddleEastwithabundantoilmoneyhavecommencedtoexpand_____industrialinvestment,boostingtheoverse
随机试题
金葡菌与IgFc段结合的表面蛋白是M蛋白。()
心脏病孕妇最危险时期是
A.条件反射B.非条件反射C.两者皆是D.两者皆不是敲击股四头肌腱引发其收缩属于
下列哪种症状、体征在右心衰时不常出现
若选定静态评价指标进行技术方案敏感性分析,可以选择()作为不确定性因素。
不属于同一产业链的经营者之间的合并称为()。
下列属于唐宋八大家的人物是()。
细胞因为发生了基因突变,出现不受控制地增殖分化,最终发展成为恶性肿瘤。在癌细胞表面存在着许多由突变基因编码的异常蛋白,按理说,这些异常蛋白应该被机体免疫系统及时识别,并引发免疫反应将癌细胞一举清除。然而,由于肿瘤细胞发展迅速、极善伪装,而且不断突变,面对凶
早期基督教的根本特点是()。
WhatisGeorgeOrwellmainlyknownas?
最新回复
(
0
)