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CIMAPRA17-BA1-1 Exam - Topic 2 Question 94 Discussion

Actual exam question for CIMA's CIMAPRA17-BA1-1 exam
Question #: 94
Topic #: 2
[All CIMAPRA17-BA1-1 Questions]

Central banks fulfill all of the following functions except which?

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Suggested Answer: A, E

by Iola at Aug 09, 2024, 12:08 AM

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Leslie
3 months ago
Totally agree, D is the odd one out here!
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Ligia
3 months ago
Wait, they don't provide capital to the government? Really?
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Carlee
3 months ago
They hold accounts for commercial banks, that's a fact.
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Ronnie
4 months ago
I thought they advised on taxation too? Seems off.
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Fletcher
4 months ago
Central banks definitely lend liquidity to commercial banks.
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Kattie
4 months ago
I’m a bit confused; I thought central banks provided liquidity to the government too, but maybe that’s not their primary role?
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Alise
4 months ago
I feel like option D could be the answer since central banks focus on monetary stability rather than taxation.
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Johnna
4 months ago
I remember practicing a question similar to this, and I think the central bank's role is more about monetary policy than advising on taxes.
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Abel
5 months ago
I think central banks do hold accounts for commercial banks, but I'm not sure about the taxation policy part.
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Lea
5 months ago
I'm confident the answer is D. Central banks provide economic advice to the government, but they don't get involved in taxation policy - that's the job of the finance ministry or treasury department.
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Karma
5 months ago
Okay, let me think this through. Central banks are the lender of last resort, they set monetary policy, and they manage the money supply. I'm pretty sure they don't advise on taxation policy, so I'll go with D.
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Jaleesa
5 months ago
Hmm, I'm a bit unsure about this one. I know central banks have a lot of functions, but I'm not totally sure which one they don't fulfill.
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Gretchen
5 months ago
This question seems straightforward, I think I can eliminate a few of the options pretty quickly.
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Carman
5 months ago
I'm pretty confident that the correct answer is B. Services do require post-implementation integration effort to achieve interoperability, and simply using the same design standards is not enough to ensure that. The statement is incorrect in that regard.
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Norah
5 months ago
This seems like a straightforward question about identifying the right stakeholder to approve database access. I'll need to carefully consider the options and think about who would have that authority.
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Celestina
5 months ago
Key steps: track purchase dates, use correct cost inflation index, calculate long-term vs short-term gains for each share lot.
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Roosevelt
10 months ago
D. Central banks are like economic wizards, but even they can't wave a wand and change tax policy.
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Lilli
8 months ago
C) Provider of capital and liquidity to the government
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Cora
8 months ago
B) Lender of liquidity to the commercial banks
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Jame
9 months ago
A) Holder of bank accounts on behalf of the commercial banks
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Elza
10 months ago
B, C, D. Central banks are the financial backbone, not tax advisors.
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Hollis
9 months ago
C) Provider of capital and liquidity to the government
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Willie
9 months ago
B) Lender of liquidity to the commercial banks
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Shoshana
10 months ago
A) Holder of bank accounts on behalf of the commercial banks
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Marjory
10 months ago
Hmm, I thought central banks could do anything. Guess I need to brush up on their actual responsibilities.
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Allene
9 months ago
Yes, they have important functions but they don't advise on taxation policy.
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Christiane
10 months ago
I didn't know that either. Central banks have specific roles after all.
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Amie
10 months ago
D) Chief advisor to government on taxation policy
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Milly
10 months ago
C) Provider of capital and liquidity to the government
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Asuncion
10 months ago
B) Lender of liquidity to the commercial banks
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Erasmo
10 months ago
A) Holder of bank accounts on behalf of the commercial banks
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Paris
11 months ago
A, D. Central banks don't directly advise on taxation policy, that's the finance ministry's job.
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Rupert
11 months ago
Hmm, you might be right. I guess it's important to consider all the functions of central banks before choosing the correct answer.
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Svetlana
11 months ago
I disagree, I believe the answer is C because central banks do provide capital and liquidity to the government.
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Rupert
11 months ago
I think the answer is D, central banks are not advisors on taxation policy.
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