General Studies · Banking Ethics
What does the phrase 'Finance depends on trust' imply in the context of banking ethics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only the interventions of financial regulators ensure total trust in the banking system.
- 2The financial system operates efficiently and remains stable only when there is public confidence.✓
- 3Trust is secondary compared to strict legal compliance and transaction volumes.
- 4Customers must always trust financial institutions blindly without verifying records.
Correct answer
The financial system operates efficiently and remains stable only when there is public confidence.
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