The Role of Lender of Last Resort Is a Responsibility

question 47

Multiple Choice

The role of lender of last resort is a responsibility of:

• A)the Reserve Bank of Australia (RBA).
• B)the Australian Securities and Investments Commission (ASIC).
• C)the Australian Financial Institutions Commission (AFIC).
• D)the Australian Prudential Regulation Authority (APRA).

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Definitions:

Minimum Payment Warning Box

Information on a credit card statement that explains the consequences of only making minimum payments.

Percent Increase

A measure of how much a quantity grows over a period, expressed as a percentage of the original amount.

Available Credit

The difference between the maximum amount allowed and the actual amount owed on a credit card.

Credit Line

The maximum amount that a person can owe on a credit card at one time.