Which of the Following Is NOT a Role of Financial

question 65

Multiple Choice

Which of the following is NOT a role of financial institutions?

• A) moving funds from savers to borrowers
• B) spreading out risk-bearing
• C) printing money for borrowers
• D) moving funds though time

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Definitions:

IFRS

International Financial Reporting Standards, a set of global accounting guidelines that govern how company's financial statements are prepared.

Periodic Inventory System

An inventory accounting system where updates to inventory levels are made at specified periods rather than continuously.

Gross Profit Rate

The ratio of gross profit to net sales, showing the percentage of revenue that exceeds the cost of goods sold.

Sales Returns and Allowances

Accounts that reduce the total gross sales revenue due to products being returned by customers or allowances for damaged goods.