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Safeguards & Controls of Banking Activities

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Measures that are taken to prevent someone or something from an undesirable outcome are called _____.

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1. What are rules and regulations that are put into place to guard assets owned by a person or a company?

2. How many goals are there for having effective safeguards in place in the banking industry?

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About This Quiz & Worksheet

The quiz will explore your understanding of the various definitions related to the safeguards and controls of banking. The questions are mostly fill-in-the-blank.

Quiz & Worksheet Goals

The quiz will help you practice the following topics:

  • Measures to prevent an undesirable outcome
  • Rules and regulations that guard a person's assets
  • Goals of effective safeguards in the banking industry

Skills Practiced

You will practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related financial accounting lesson
  • Making connections - use understanding of the concept of banking safeguards
  • Information recall - access the knowledge you've gained regarding control of banking activities

Additional Learning

Complete the quiz and head over to the partner lesson titled Safeguards & Controls of Banking Activities. We have specially designed the lesson to improve your learning experience. The lesson covers the following objectives:

  • Exploring safeguards
  • Understanding internal controls
  • Defining the goals of safeguards
  • Explaining how the separation of duties helps safeguards
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