- This topic has 3 replies, 3 voices, and was last updated 5 years ago by
.
-
Posts
-
Hello! I didn’t understand these questions, please explain answers. Thank you in advance.
1.Question:
Indicate which of the following statements correctly describe the functions that financial intermediaries fulfil for customers and borrowers.
True False
1 Maturity transformation
2 Fund aggregation
3 Dividend creation
4 Pooling of losses2.Question:
What role would the money market have in a letter of credit arrangement?
Initial arrangement of the letter of credit
Acceptance of the letter of credit
Issuing of a banker’s acceptance
Discounting the banker’s acceptanceYour first question is dealt with in Chapter 2 of our free lecture notes and the free lectures that go with it.
Your second question is covered by the Paper FM technical article entitled “Management of foreign accounts receivable” on the ACCA website.
- You must be logged in to reply to this topic.