Which of the Following Organizations Sets the International Standards for Combating

question 47

Multiple Choice

Which of the following organizations sets the international standards for combating money laundering?

• A) The United Nations Monetary Fund Task Force
• B) The International Monetary Fund Task Force
• C) The World Bank Action Task Force
• D) The Financial Action Task Force

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Definitions:

Retained Earnings

Profit that remains after dividends are paid, which is reinvested in the company or used to pay off debt.

Treasury Stock

Shares of a company's own stock that it has reacquired but not retired, which do not pay dividends and have no voting rights.

Cash Dividend

A payment made by a company out of its profits to its shareholders in the form of cash.

Stockholders' Equity

The ownership interest of shareholders in the net assets of a corporation, represented by the difference between total assets and total liabilities.