Which of the Following Domestic Financial Instruments Have NOT Been

question 29

Multiple Choice

Which of the following domestic financial instruments have NOT been modified for use in international financial management?

• A)Currency options and futures.
• B)Interest rate and currency swaps.
• C)Letters of credit.
• D)All of the above are domestic financial instruments that have also been modified for use in international financial markets.

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Definitions:

Segregation Of Duties

An internal control measure that divides responsibilities among multiple employees to reduce risk of fraud or error.

Adjusted Cash Balance

The cash balance reported in the financial statements, adjusted for any outstanding checks and deposits in transit that have not yet been cleared or recorded by the bank.

Deposit In Transit

Refers to money that has been received and recorded by a business but has not yet been recorded by the bank.

Check Printing Charge

A fee charged by banks or financial institutions for printing and providing checks for an account holder's use.