首页
登录
职称英语
Banking organizations are highly geared, much more than commercial or indust
Banking organizations are highly geared, much more than commercial or indust
游客
2025-06-19
23
管理
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. [br] Why should banks need to establish formal operating procedures?
选项
A、The supervisory authorities require them to do so.
B、The shareholders expect a reasonable return on their investment.
C、The banks have to keep safe large volume of monetary items raised from all sources.
D、The banks engage in a large volume and variety of transactions.
答案
C
解析
文章第一段提到Banking organizations have custody of large volume…individual discretion rigorous system of internal control.银行监管大量的货币项目,如果管理不慎,这些monetary items就会遭到破坏,所以就需要建立一套完整的操作程序。因而C选项符合题意。
转载请注明原文地址:http://tihaiku.com/zcyy/4125609.html
相关试题推荐
[originaltext]ThebankingsystemofChinaevolvedfromamono-bankingsyste
Governmentsecuritieswouldappearonacommercialbank’sbalancesheetas_____
Commercialbanksprovidelong-termmortgageloanstoborrowers(consumers)to
Commercialbanksprovidelong-termmortgageloanstoborrowers(consumers)to
[originaltext]Banker’sacceptancesareaveryoldformofcommercialcredi
[originaltext]Banker’sacceptancesareaveryoldformofcommercialcredi
Bankingorganizationsarehighlygeared,muchmorethancommercialorindust
Bankingorganizationsarehighlygeared,muchmorethancommercialorindust
Bankingorganizationsarehighlygeared,muchmorethancommercialorindust
Bankingorganizationsarehighlygeared,muchmorethancommercialorindust
随机试题
"GivemeafishandI’lleatforaday,teachmehowtofishandI’lleatfo
[originaltext]M:Areyougoingtothemoviestonight?W:I’mafraidnot.Istil
[originaltext]W:AreyouallreadyforChristmas?M:No,Ihaven’tevenstarted
Thesmallvillagewasperfectlyquiet,exceptforafew______dogbarking.A、abru
下列短语属于连谓短语的是( )。A.看着高兴 B.请他跳舞 C.喜欢游泳
有关人工流产术吸宫不全的处理不正确的是A.超声检查确诊 B.若无明显感染迹象,
麻黄、浮小麦、糯稻根共有的功效是A.益气除热B.益胃生津C.固表止汗D.补肾宁心
患者,男,50岁,诊断为高血压、冠心病。医师处方,氨氯地平片10mgpoqd
某通信行业上市公司普通股目前市价为15元,预期每股年股利额为0.7元,股利年期望
职业健康安全管理体系和环境管理体系运行中的实施重点是围绕()等开展活动。A
最新回复
(
0
)