Question
What is the function of a bank examiner?
to make sure banks are obeying laws and regulations
to carry on day-to-day functions within the bank
to oversee decisions about major loans by each bank
to respond to banks about their daily reports to the Fed
to make sure banks are obeying laws and regulations
to carry on day-to-day functions within the bank
to oversee decisions about major loans by each bank
to respond to banks about their daily reports to the Fed
Answers
GPT-4o mini
The primary function of a bank examiner is **to make sure banks are obeying laws and regulations**. Bank examiners review and assess the financial and operational practices of banks to ensure compliance with applicable laws and regulations, assess the safety and soundness of financial institutions, and protect consumers and the financial system.