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Financial management environment

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Financial management environment

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  • October 19, 2020 at 9:25 pm #590623
    kane91
    Member
    • Topics: 6
    • Replies: 1
    • ☆

    Hi everyone new to OT

    Indicate which of the following statements correctly describe the functions that financial intermediaries fulfil for customers and borrowers

    1.Money Transformation
    2. Fund Aggregation
    3.Dividend Creation
    4.Pooling of losses

    The correction answer is Dividend creation

    Shouldn’t it be Money Transformation Fund Aggregation, and pooling of losses

    Thanks

    October 20, 2020 at 10:13 am #590728
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51538
    • ☆☆☆☆☆

    Are you sure that you have read the question correctly, because dividend creation is the only statement that does NOT describe the functions of financial intermediaries.

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