Question

When can a report be ordered for determining a potential deposit customer's value?

a) Always
b) When the customer requests it.
c) When the report is ordered for a firm offer of credit under specific conditions.
d) When the institution has the customer's consent.

Answer 1

A report can be ordered for determining a potential deposit customer's value when the report is ordered for a firm offer of credit under specific conditions. The bank needs the customer's consent to order such reports and evaluate the customer's financial background.

Step-by-step explanation:

A report can be ordered for determining a potential deposit customer's value when the report is ordered for a firm offer of credit under specific conditions. This means that when a bank is considering granting a loan to a customer, they may order a report to assess the customer's value and creditworthiness. It is important for the bank to have the customer's consent to order such reports and evaluate the customer's financial background before making a decision.