Chapter 6, Problem 2IEE

Which of the following is not a function of a Central Bank? Question 19Answer a. To regulate the issue, supply and availability of money. b. To manage the foreign exchange reserves. c. To advise government on monetary and fiscal matters. d. To manage the public and private debt in the country.

Which of the following is not a function of a Central Bank? a. To regulate the issue, supply and availability of money. b. To manage the foreign exchange reserves. c. To advise government on monetary and fiscal matters. d. To manage the public and private debt in the country.

prepare a bank reconciliation report.

Market participants, including financial institutions, fund managers and corporations, must understand monetary policy setting impacts on economic activity and business cycle. A central bank will typically implement monetary policy settings in order to achieve certain economic outcomes over a business cycle. Briefly describe the intermediate target for monetary policy in Singapore and give examples of different economic indicators that may give an insight into the future stages of a business cycle.

Explain the application of The accounting unit concept The going concern concept The periodicity concept The stability of the monetary unit concept As applicable to the Islamic banks from a Shariah point of view.

Which is not true about the Banko Sentral ng Pilipinas and the Philippine banking industry?   Banko Sentral ng Pilipinas is the primary government agency that facilitates the planning and implementation of fiscal policies Banks are engaged in lending of cash which were acquired from the public the form of deposits The members of the monetary board of the Banko Sentral ng Pilipinas is appointed by the president of the Philippines One of the powers that the Universal bank can exercise includes the power of an investment house

Which of the following communications is most likely to be written before the balance-sheetdate?a. A report to the audit committee on the results of testing of internal control over cash receipts.b. Confirmation letters to vendors confirming the amounts they owe to the client.c. An attorney’s letter regarding contingent liabilities.d. An engagement letter.

The complete set of financial statements of an Islamic Bank should include A)Statement of cash flows B)Statement of changes in unrestricted investment C)Statement of sources and uses of deposit funds D)All of the above

Which of the following is a promise by the Government to pay a stated sum after expiry of the stated period from the date of issue? a. Commercial Papers b. Bankers’ Acceptance c. Treasury Bills d. Bills of Exchange