Q: List internal control procedures related to e-commerce.
A: E-commerce: E-commerce is one form of business transactions made with the help of electronic…
Q: Explain how electronic funds transfers can result in better internal control?
A: Internal control refers to the process of ensuring the organization’s objectives/goals in achieving…
Q: What is easy-access credit?
A: Introduction: The ability to borrow cash or obtain goods or services with expectation of repaying it…
Q: How can banks safeguard their information security?
A: Protecting information and information systems from illegal access, usage, disclosure, interruption,…
Q: What are the steps taken to ensure control over purchases and payments by check?
A: Internal Control: Internal control is a process which ensures continuous reliability of…
Q: What is a credit memo? Why it is used? Give an example?
A: Credit Memorandum: This is a document by the seller for the reduction in the amount owed by the…
Q: Which of the following assets require the strongest of internal controls?A. inventoryB. credit…
A: Internal control procedures are those techniques and procedures which are established for the…
Q: Identify the various types of risks relevant to banking services and discuss the different…
A: Banking services are the financial services that are offered by financial institutions such as banks…
Q: Discuss any two features of digicash that fulfill the requirements of the electronic payment system.
A: Electronic payment system is the system which has been established within the system of the money…
Q: What are the advantages and disadvantages of using a credit card?
A: There are various advantages when using a credit card as a method for purchasing goods. Following…
Q: Which of the following facility a Mobile Banking customer cannot use?
A: Mobile banking service is a service which is provided by a bank to its customers. This service…
Q: Which of the following assets require the strongest of internal controls? O credit cards O computer…
A: Internal controls are policies and procedures implemented by an organization to attain operational…
Q: what is credit management
A: Credit Management is a process wherein terms and condition for providing loan is decided, what is…
Q: Who keeps record of the ledger for Bitcoin transactions?
A: The ledger of bitcoin transactions are block filled with capacity with transaction details.
Q: How are the characteristics of an organized security exchange differ from an over the counter…
A: Financial markets contain any marketplace where securities such as the stock market, bond market,…
Q: How is a credit check in the advanced technology system fundamentally different from a credit…
A: Definition: Credit check: Credit check is defined as the process of examining the financial…
Q: Elaborate the risk management strategies to mitigate such potential banking risks.
A: Banking risks pose a major threat to any country's economy. Banking system is the most credible…
Q: e bank reconciliation
A: Bank reconciliation statement is an important part of accounting to reconcile the differences…
Q: what are the causes and concern of shadow bank. please answer in detail
A: Shadow bank is also referred to as non-bank financial intermediation which performs bank like…
Q: Why digital payment has changed the fiance systems?
A: In the recent past and last few years’ digital payment systems have boomed. Different forms of new…
Q: Discuss the audit considerations arising from a bank’s extensive dependence on technology-based…
A: Audit consideration is the considerations which have to be done by the auditor on the financial…
Q: What purpose do multilevel security controls serve in an organisation with combined purchases and…
A: Cash Disbursement System: The cash disbursement system carries out the responsibility of processing…
Q: What internal controls would you implement to help maintain control of your credit sales and…
A:
Q: how is credit check in advance technology is different from credit check in basic technology
A:
Q: desrcibe credit card security and why its imporant
A: Credit Card Security: A form of credit card known as a secured credit card is one that requires the…
Q: A digital structure that stores transactional records in a digital ledger is known as None Crowd…
A: A digital structure that stores transactional records in a digital ledger is known as Block chain…
Q: Discuss the main reasons for regulating the banking system.
A: Bank regulation is a form of government law that subjects banks to requirements, regulations,…
Q: How is cryptocurrency created?
A: Currency is the mode or method of the exchange of goods and services in an economy. The currency of…
Q: Discuss the advantages of Transaction Authorisation Code (TAC) used for online banking.
A: Transaction Authorisation Code: Authorization codes are required for every transaction or entry that…
Q: Online Banking is a product that becomes increasingly important with the increase in online…
A: Online banking also known as internet banking is used by corporates and also by individuals to…
Q: What is the objective of having a control system and what is the key points of a credit control…
A: Internal control: Internal control can be defined as a process to ensure achievement of the…
Q: Explain the advantages of an electronic billing cycle
A: The electronic billing cycle is the use of of technology. it is the process in which the bills are…
Q: How a credit check in advanced technology system different from a credit check in basic technology…
A: Credit Check: Credit check is defined as the process of examining the financial behavior of a…
Q: Who needs credit and collection management and why do they need ccm?
A: when the revenue cycle management for the credit and collection management is done by the healthcare…
Q: What problem is common to all private key encryption techniques?
A: Definition: The Advanced Encryption Standard (AES) is the trusted standard algorithm used by the…
Q: Confidentiality and privacy
A: Confidentiality means protecting secrecy. Banks have a duty to protect the confidentiality of their…
Q: List the ways in whichbanks deal with creditrisk
A: Credit risk in terms of banking industry refers to the risk exposure a bank faces when the borrower…
Q: Identify and explain the duties of collecting banks.
A: Collecting bank: Collecting banks are defined as those banks which collects money in favor of its…
Q: What is a credit memo? When is it used?
A: Credit memo also known as credit memorandum or credit note Credit memo is issued by the seller of…
Q: What is the process of Borrowing with Credit Cards?
A: The credit card is a vital instrument to upsurge the buying power. The credit card facility aids to…
Q: Recognize the keyfeatures of the banking system and thehistorical context ofthe implementationof…
A: A Banking system is a type of system under which a banking organization accepts deposits from the…
Q: Provide a detailed analysis of the tactics for improving each quality attribute in the context of…
A: The term quality in the banking system means to provide good services to customers and the users of…
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- What is the ultimate objective of financial management? Question 7 options: to ensure the ROA is higher than ROR to obtain a higher ROR than ROA to ensure that ROA is higher than the cost of financing to collect trade receivables faster than the payment of trade and other payables4 - At what rate is the valuation of demand deposit accounts in foreign currency in the bank account?A) Nominal valueB) Foreign exchange selling rateC) Exchange rateD) With effective purchase rateE) With comparable valueQUESTION 3 (a) Contrast between overnight policy rate and base lending rate. (b) “In order to enhance the liquidity of a bank, the bank can securitise its assets.”Elaborate the above statement with example.
- Question a) Explain the trend(increase or decrease) b) which one is better conventional or Islamic bank? c) the effectsQ2: How do banks make money? By issuing new currencies into the market. By charging interests to depositors who deposit their money in the bank. By issuing licenses to foreign banks who want to operate in Singapore. By charging fees for various services such as Credit Card annual fee, loan interest rates, late payment fees. Q3: Which of the following statements accurately describes simple interest? Simple interest is the interest calculated on the principal amount, the accumulated interest, and the time period of the investment. Simple interest is the interest calculated on both the principal and the accumulated interest. Simple interest is the interest calculated only on the principal amount. Simple interest is the interest calculated on the principal amount and the time period of the investment. Q4: What is the difference between a debit card and a credit card? A debit card charges interest on purchases, while a credit card doesn't. A debit card allows you to spend money you…2 - Which account can a business use to monitor foreign currency transactions in foreign currency?I. Off-balance sheet account,II. Foreign currency deposit accounts,III. Foreign Currency SafeA) II-IIIB) Solo IIC) I-IID) I-II-IIIE) Only I
- A 3. Describe the process of build-up, trigger, and resolution of one non-US systemic banking crisis of your choice (e.g.: early 90s, Sweden or Japan; mid- 90s, Mexico or China; post 2008, Ireland or Iceland).8 - What is the most risky payment method for the exporter company?A) Payment with acceptance creditB) Payment by letter of credit C) Pre-financingD) Cash against goods E) Advance paymentA4) Finance When companies decide to establish themselves in a specific market, they can experience a variety of barriers to entry, Assess the various types of trade restrictions that may affect the international business?
- 2-6b What is the concern for credit risk in anover the counter market versus the credit risk in an organized exchange?1. At any given time, the bank will purchase foreign exchange currency at what cost? a. market price b. client's selling price c. lower than the selling price 2. A bond call price amount is a. lower than par value b. higher than par value c. lower than discount valueD4) Finance Provide a specific transaction that the bank could implement to minimize its interest rate risk. the transaction may be a new asset funded by a new liability or an asset sale under simultaneous purchase of another asset.