Prudential Supervision Consists in Controlling Risk Management of Financial Institutions

question 20

True/False

Prudential supervision consists in controlling risk management of financial institutions in order to guarantee the stability of the financial system.

---

Definitions:

Machine Hours

The total number of hours that machinery operates during a specific period for manufacturing or production processes.

Raw Materials

Raw materials are the basic, unprocessed inputs used in the manufacture of products.

Charged

Charged refers to recording or incurring an expense or cost against a company's accounts or to the process of loading a financial obligation onto a financial account.

Cost Accounting Systems

Methods and procedures used for collecting, classifying, analyzing, and allocating costs associated with a process, product, or project.