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According to the FFIEC, an institution's first step in the business continuity process is
the development of a
A. Risk assessment
B. Risk management program
C. Business impact analysis
D. Risk monitoring and testing program - CORRECT ANSWER-C
Internally developed technology ____________establish measurable controls and
requirements to achieve policy objectives
A. Procedures
B. System Maintenance Schedules
C. Standards
D. Authentication requirements - CORRECT ANSWER-C
The exchange of check and check images between financial institutions is governed by
A. Regulation CC
B. Uniform commercial code articles 3 & 4
C. 31 CFR 220
D. Agreement - CORRECT ANSWER-D
Biometrics for payment initiation and authentication is governed by
A. FFIEC Guidance
B. Regulation D
C. Regulation J
D. Regulation Z - CORRECT ANSWER-A
Credit card transactions are governed by
A. Regulation E
B. UCC 4A
C. Regulation Z
D. Regulation CC - CORRECT ANSWER-C