Which of the Following Functions Is NOT the Responsibility of the Australian

question 72

Multiple Choice

Which of the following functions is NOT the responsibility of the Australian Prudential Regulation Authority (APRA) ?

• A)Oversight of banks.
• B)Supervision of insurance and superannuation companies.
• C)Monitoring of market operators.
• D)Provision of banking business authorisations.

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Definitions:

Endogamy

A social norm that requires individuals to marry within a specific social group, class, or ethnicity to maintain cultural homogeneity.

Propinquity

The physical or psychological proximity between people, often leading to friendship or other relationships due to the increased likelihood of interaction.

Homogamy

The tendency to choose romantic partners who are similar to us in terms of class, race, education, religion, and other social group membership.

Internet

A global network of computers and servers that supports a vast range of information sharing and communication services, including the World Wide Web.