Which of the Following Would Be least Likely to Address

question 11

Multiple Choice

Which of the following would be least likely to address control over the initiation and execution of equipment transactions?

• A)Requests for major repairs are approved by a higher level than the department initiating the request.
• B)Prenumbered purchase orders are used for equipment and periodically accounted for.
• C)Requests for purchases of equipment are reviewed for consideration of soliciting competitive bids.
• D)Procedures exist to restrict access to equipment.

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Definitions:

Actual Money Multiplier

The real-world effect of a change in the base money supply on the money supply, taking into account changes in reserves and currency holdings.

Simple Money Multiplier

Refers to the ratio indicating the maximum amount of money that banks can theoretically generate with each dollar of reserves.

Cash Withdrawals

The process of taking money out of a bank account using a debit card or bank slip.

Money Supply

The entire stock of currency and other liquid instruments circulating in a country's economy as of a particular time.