The Type of Control That Provides Feedback,after an Activity Is

question 37

Multiple Choice

The type of control that provides feedback,after an activity is finished,in order to prevent any future deviation is ________ control.

• A)preventive
• B)corrective
• C)break-even analysis
• D)contact
• E)proactive

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Definitions:

Required Reserve Ratio

The fraction of deposits that banks are required by law to keep on hand as reserves or with the central bank.

Discount Rate

The interest rate charged by central banks to commercial banks for loans.

Government Securities

Financial instruments issued by a government to raise funds from investors, promising to pay back with interest, including treasury bonds, bills, and notes considered low-risk investments.

Federal Reserve Board

The governing body of the Federal Reserve System, responsible for overseeing the U.S. central banking system.