The Following Statements Regarding the Financial Crisis Are True EXCEPT

question 139

Multiple Choice

The following statements regarding the financial crisis are true EXCEPT

• A)New policies have been introduced at national/regional levels to address financial stability risks from shadow banking.
• B)Authorities are establishing system-wide oversight and monitoring frameworks to assess the financial stability risks from shadow banking.
• C)The FSB has been conducting annual monitoring exercises since 2011 to assess global trends and risks.
• D)The FSM has begun implementing a forward looking high level Policy Framework to detect and assess sources of financial stability risks from shadow banking.
• E)Shadow banking is preventable and banks are prepared to spot and stop it.

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Definitions:

Demonstrative Legacy

A demonstrative legacy is a specific gift of money with the direction that it is to be paid out of a particular fund or property, used in wills and estate planning.

Probate

The legal process through which a deceased person's will is validated and their estate is distributed to beneficiaries.

General Legacy

A bequest of a specified amount of money or a percentage of the estate to a beneficiary, as stipulated in a will.

Personal Property

Movable assets owned by an individual or an entity, such as vehicles, furniture, and equipment, in contrast to real property like land or buildings.