An Organization's Bank Accounts Are an Example of a Facility

question 6

True/False

An organization's bank accounts are an example of a facility of cash at rest.

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Definitions:

International Monetary Fund

An international organization created to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

Economic Development

The method through which a country enhances the financial, governmental, and societal prosperity of its citizens.

World Bank

A worldwide banking entity that issues loans and grants to assist capital projects in impoverished countries through their governments.

Federal Reserve

The central banking system of the United States, responsible for implementing monetary policy, supervising banks, and providing financial services to depository institutions, the government, and the public.