Which of the Following Is Not One of the Essential

question 39

Multiple Choice

Which of the following is not one of the essential criteria for successfully implementing each of the principles that contribute to systems reliability,as discussed in the Trust Services Framework?

• A) developing and documenting policies
• B) effectively communicating policies to all outsiders
• C) designing and employing appropriate control procedures to implement policies
• D) monitoring the system and taking corrective action to maintain compliance with policies

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Definitions:

Money Supply

The total amount of monetary assets available in an economy at a specific time, including currency and various types of deposits.

Fisher Effect

The economic theory proposing that the real interest rate is independent of monetary measures, especially the nominal interest rate and the expected inflation rate.

Real Interest Rate

The rate of interest an investor expects to receive after allowing for inflation, showing the real gain of an investment.

After-tax Real Rate

The actual income rate of return on an investment, after accounting for inflation and taxes.