Which sentences in the passage demonstrate the fulfillment of the legal responsibilities of a financial exchange?

Anne is a manager in a financial exchange. She holds the customer responsible for ensuring the safety of their money stored in the organization. She issues an account statement annually that lists all the transactions made through a customer's account that year. She allows customers to withdraw money only if the institution has sufficient cash reserves during the day. She provides details to customers regarding the money deposited in their accounts. However, she avoids sharing information with the customers about the amount withdrawn from their accounts over a period

Question

Faith Weeks

Business

11 April, 06:14

Which sentences in the passage demonstrate the fulfillment of the legal responsibilities of a financial exchange?

Anne is a manager in a financial exchange. She holds the customer responsible for ensuring the safety of their money stored in the organization. She issues an account statement annually that lists all the transactions made through a customer's account that year. She allows customers to withdraw money only if the institution has sufficient cash reserves during the day. She provides details to customers regarding the money deposited in their accounts. However, she avoids sharing information with the customers about the amount withdrawn from their accounts over a period

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Answers (1)

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Claudia Merritt · Answer 1

The following statements fulfill the criteria.

Explanation:

- She issues an account statement annually that lists all the transactions made through a customer's account that year.

This is her responsibility to keep a record of the transactions and make them available.

-She allows customers to withdraw money only if the institution has sufficient cash reserves during the day.

This is also following standard policy of the company

-She provides details to customers regarding the money deposited in their accounts.

This is also in terms with the privacy policy of most firms for consumers to have this information.