Wrong answers Flashcards
What is typically correct about the relationship between the profitability and liquidity of an asset held by a bank?
The less profitable the asset, the greater its liquidity
What should NOT be taken into account by a bank employee when resolving an ethical dilemma?
The unintended consequences of the decision
According to the UK’s Financial Conduct Authority, what of the following is an effect of digital banking?
Consumer data can be shared with approved third parties
What is NOT an objective of the UK’s Financial Conduct Authority?
Providing compensation to consumers if a bank fails
What is a characteristic of omnichannel banking, as opposed to multichannel banking?
It relies on ‘Big Data’
Which of the four main components of advanced analytical solutions for banks answers the question: ‘What should we do next?’
Prescriptive analytics
Why does a bank charge a lower interest rate on a mortgage loan than on a credit card?
The mortgage loan is secured on the property
Simon has been identified as a digitally excluded customer. What is likely to most help him be less digitally excluded?
Courses in financial literacy
Which international body makes recommendations about the global banking system?
Financial Stability Board
What principle guides the work of the UK’s Financial Conduct Authority in the way it applies its resources?
Efficiency and economy
The objective of the Paris Agreement, 2015, is to:
limit the rise in the global average temperature.
What is likely to be an advantage of digital banking to a bank?
A fall in operational costs
Within the context of customer complaints, root cause analysis enables a bank to distinguish between:
the symptoms of the problem and the underlying cause of the problem.
What name is given to the way that a failing bank is managed in an orderly way by a country’s financial regulator?
Resolution
What is the greatest contribution the bank can make to creating a sustainable world?
Reallocating credit and capital to sustainable projects
