Question

Which of the following are typical responsibilities of a treasurer?

I. Financial institution relationship management
II. Internal audit
III. Short-term borrowing
IV. Liquidity management

Answer 1

The typical responsibilities of a treasurer include financial institution relationship management, internal audit, short-term borrowing, and liquidity management.

Step-by-step explanation:

The typical responsibilities of a treasurer include:

1. Financial institution relationship management: This involves managing the relationship with banks and other financial institutions that the organization works with, such as maintaining accounts and coordinating financial transactions.
2. Internal audit: The treasurer may be responsible for conducting internal audits to ensure compliance with financial regulations and internal policies.
3. Short-term borrowing: The treasurer may oversee the process of obtaining short-term loans to meet the organization's financial needs.
4. Liquidity management: Managing the organization's cash flow and ensuring that it has enough liquidity to meet its obligations is another important responsibility of a treasurer.