Which of the Following Is NOT a Responsibility of ASIC

question 36

Multiple Choice

Which of the following is NOT a responsibility of ASIC?

• A)Consumer protection in superannuation,insurance and deposit taking and credit.
• B)Management of licensing.
• C)Oversight of market operators.
• D)Design of bank prudential regulation.

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Definitions:

Transfer Payments

Payments made by governments to individuals without any goods or services being received in return, such as welfare, social security, and unemployment benefits.

Federal Budget Deficit

The amount by which a government's expenditures exceed its tax revenues over a specific fiscal period, leading to borrowing or debt accumulation.

Economic Growth

Growth in the inflation-corrected value of goods and services that an economy outputs over time.

Social Security

The U.S. social insurance program financed by a federal payroll tax that provides disability, retirement, and death benefits.