Each of the Following Is a Special Function Performed by FIs

question 98

Multiple Choice

Each of the following is a special function performed by FIs at a macro level EXCEPT

• A)transmission of monetary policy.
• B)credit allocation.
• C)intergenerational wealth transfers or time intermediation.
• D)denomination intermediation.
• E)interbank lending and investing.

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Definitions:

Centralised Organisation

An organizational structure where decision-making and authority are concentrated at the top levels of management.

Responsibility Accounting

An accounting system that collects, summarizes, and reports financial information related to the responsibilities of individual managers.

Cost Centre Manager

An individual responsible for managing, monitoring, and controlling the costs associated with a particular department or segment of a business.

Investment Centre Manager

An individual responsible for overseeing a division or unit of a business that directly controls its investments and related returns.