ACI
3I0-012 · Question #666
Banks have a fiduciary responsibility to ensure that clients have all necessary information to understand the transaction because this:
The correct answer is B. Will help prevent potential litigation. See the full explanation below for the reasoning.
Question
Banks have a fiduciary responsibility to ensure that clients have all necessary information to understand the transaction because this:
Options
- AWill encourage clients to do more business.
- BWill help prevent potential litigation.
- CWill help banks sell sophisticated risk management solutions.
- DIs required by all regulators.
How the community answered
(28 responses)- A4% (1)
- B82% (23)
- C11% (3)
- D4% (1)
Community Discussion
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