Applying the COBIT5 Framework,monitoring Is the Responsibility of

question 23

Multiple Choice

Applying the COBIT5 framework,monitoring is the responsibility of

• A)the CEO.
• B)the CFO.
• C)the board of directors.
• D)all of the above

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Definitions:

U.S. Banking System

The U.S. Banking System refers to the structure and institutions involved in providing financial services, including savings accounts, loans, and other fiscal transactions, within the United States.

Money Supply

The total amount of money available in an economy at a specific time, including cash, deposits, and other liquid assets.

Medium of Exchange

is an intermediary instrument used to facilitate the sale, purchase, or trade of goods and services between parties.

Money Multiplier

The ratio of the amount of money created by the banking system through loans and deposits to the amount of money injected into the economy by the central bank.