Which of the Below Is Not a Component of the COSO

question 75

Multiple Choice

Which of the below is not a component of the COSO ERM?

• A) monitoring
• B) control environment
• C) risk assessment
• D) compliance with federal, state, or local laws

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Definitions:

Money Demanded

The total amount of money that households and businesses wish to hold at any given interest rate, at a specific time.

Federal Funds Rate

The interest rate at which banks lend reserves to each other overnight, serving as a key monetary policy tool of the Federal Reserve.

Open-Market Operations

The purchase and sale of U.S. government bonds by the Fed.

Fed

Short for the Federal Reserve System, the central banking system of the United States responsible for monetary policy.