At the end of the day, banks have to make money to survive. They make their money by charging interest on loans, or by selling CDs (Certificate of Deposit). In both cases, they intend to make money off of your money! Before a bank enters into a legal contract with you as their customer, they want to know all they can about you, your financial history, your current situation, and your financial future so they can make a wise choice. To make these decisions, banks walk very fine lines of ethics and privacy. Describe the internal activities a bank manager should engage in to make sure employees are aware of required compliance with the Policy - be specific.

At the end of the day, banks have to make money to survive. They make their money by charging interest on loans, or by selling CDs (Certificate of Deposit). In both cases, they intend to make money off of your money! Before a bank enters into a legal contract with you as their customer, they want to know all they can about you, your financial history, your current situation, and your financial future so they can make a wise choice. To make these decisions, banks walk very fine lines of ethics and privacy. Describe the internal activities a bank manager should engage in to make sure employees are aware of required compliance with the Policy - be specific.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 77P

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