Which of the Following Statements Is True

question 17

Multiple Choice

Which of the following statements is true?

• A)The Basel Accord imposes minimum earnings ratios on banks in major industrialised countries.
• B)The Basel Accord imposes maximum asset values on banks in major industrialised countries.
• C)The Basel Accord imposes minimum liability values on banks in major industrialised countries.
• D)The Basel Accord imposes risk-based capital ratios on banks in major industrialised countries.

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Definitions:

Activity Variance

The difference between the planned activity level and the actual activity level, used in budgeting and costing analyses.

Materials

Raw resources or supplies used in the production of finished goods.

Revenue

The total income generated by a company from its usual business activities, usually from the sale of goods and services to customers.

Spending Variance

A financial metric that indicates the difference between the budgeted or planned amount of spending and the actual amount spent.