A bank's board of directors is responsible to providing guidance in the form of written instructions to loan officers as to the types of loans they should make.

Question

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The board of directors of a bank is responsible for setting the overall strategic direction of the bank, including providing guidance on the types of loans the bank should focus on. This guidance often comes in the form of policies or written instructions that loan officers must follow when making lending decisions.

A Bank's Board of Directors Is Responsible to Providing Guidance