Banking · Professional Ethics and Values
Consider the following statements regarding professional ethics in banking: 1. The 'Ethical Foundation of Being a Professional' means a bank employee must always follow an instruction from a senior manager, even if they suspect it violates a minor compliance rule. 2. The concept 'Finance Depends on Trust' is solely about the customer trusting the bank to safeguard their personal data and maintain confidentiality. 3. 'Banking Ethics in a Global Context' requires professionals to be aware that unethical practices in one part of the world (like high-risk lending) can have systemic negative effects worldwide. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 22 and 3 only
- 33 only✓
- 41 and 2 only
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3 only
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