PLEASE ONLY FINANCE EXPERT ANSWER THIS QUESTION. THIS MUST BE CORRECT AND PERFEC

Question

PLEASE ONLY FINANCE EXPERT ANSWER THIS QUESTION. THIS MUST BE CORRECT AND PERFECT!!

PLEASE DO NOT COMBINE THE ANSWERS INTO ONE PARAGRAPH, ANSWERS OF A, B, AND C SHOULD BE SEPARATED. DO NOT ANSWER THIS WITH YOUR HANDWRITING, PLEASE TYPE ON YOUR COMPUTER!!

THANK YOU!!

Web Banking has been a success for Last National Bank until last week when a computer coding error posted all web deposit transfers into the wrong accounts. This is an example of:

A. compliance risk

B. credit risk

C. sovereign risk

D. liquidity risk

E. operational risk

Explanation / Answer

Answer) The answer to the above question is Operational risk Option E . Since the error occured in the normal operational framework of the business. This is an operational risk

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