Which of the Following Statements Is NOT Correct? the Council

question 12

Multiple Choice

Which of the following statements is NOT correct? The Council of Financial Regulators (CFR) :

• A)supervises the RBA,APRA and ASIC.
• B)reports to the Government on the adequacy of the financial regulatory system formed by the RBA,APRA and ASIC.
• C)is a structure allowing cooperation and coordination among the RBA,APRA and ASIC
• D)has a representative from the Government to interact with the RBA,APRA and ASIC.

---

Definitions:

Tibia

The inner and typically larger of the two bones between the knee and the ankle in vertebrates, parallel with the fibula.

Friction

The resistance that one surface or object encounters when moving over another.

Scales

Small, rigid plates that grow out of an animal's skin to provide protection. In fish and reptiles, scales perform this protective function.

Adaptation

The process by which organisms adjust to changes in their environment in order to survive and reproduce.