Question
Settlements, clearances, record maintenance, regulatory
compliance, accounting, etc. are functions of which level?Solution
The back office is the portion of a company made up of administration and support personnel who are not client-facing. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services. A financial services firm is segmented into three parts: the front office (Direct facing with the client be it sales, marketing, or customer support), the middle office (risk management), and the back office (administrative and support services)
1 dollar note with you when you are in India is a Fiat Money
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