Accounting Multiple Choice Question – 4 May 2025

A financial system comprises which ONE of the following?

Select ONE answer:

1. Governance structures
2. Markets
3. Regulators
4. Fair mindedness

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct == > Intermediaries, Securities and Markets all relate to a generic financial system. Governance structures, Regulators and Fair Mindedness may or may not exist within a particular system, but they are by no means basic elements of it.
3. Not correct
4. Not correct

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