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.

---

Definitions:

Recognition

The acceptance or acknowledgment of something as valid, legal, or official.

Mediation

A conflict resolution technique involving a neutral third party who helps disputing parties reach a voluntary agreement.

Binding Ruling

A final and enforceable decision given by a legal authority, which all involved parties must adhere to.

Contract

A legally enforceable pact made between two or more entities, binding them in agreement.