AFP
CTP · Question #260
(Topic 3) $7,652. The bank agrees to split the loss with the company to maintain a good relationship. As a condition of sharing the expense, the bank requires the company to establish positive pay…
Sign in or unlock CTP to reveal the answer and full explanation for question #260. The question stem and answer options stay visible for context.
Question
- (Topic 3)
$7,652. The bank agrees to split the loss with the company to maintain a good relationship. As a condition of sharing the expense, the bank requires the company to establish positive pay on its disbursement accounts or have the company absorb the losses on future fraudulent payments. What type of risk financing technique is the bank using?
Options
- ACrime insurance
- BSelf-insurance
- CRisk retention
- DRisk transfer
Unlock CTP to see the answer
You've previewed enough free CTP questions. Unlock CTP for full answers, explanations, the timed quiz mode, progress tracking, and the master PDF. Question stem and options stay visible so you can still see what's on the exam.