Which of the Following Statements Is Not Correct Concerning the Lower

question 25

Multiple Choice

Which of the following statements is not correct concerning the Lower House of Federal parliament?

• A)Each member is elected to represent a particular electorate.
• B)Australia is divided into a number of electorates each containing the same number of people to ensure that citizens have equal representation in the Lower House.
• C)According to the Australian Constitution the number of members of the House of Representatives must be the same as the number of Senators.
• D)The political party with the majority of members in the House of Representatives forms executive government.

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Definitions:

Net Asset Value

The net worth of a fund, calculated by subtracting its liabilities from the sum of its assets, commonly associated with mutual and exchange-traded funds.

Closed-end Fund

A type of investment fund with a fixed number of shares that are traded on the stock exchange, unlike mutual funds which continuously offer new shares or buy back existing shares.

Brokered Markets

Marketplaces where buyers and sellers are brought together by third-party brokers to facilitate transactions.

Continuous Auction Markets

Markets where buyers and sellers continuously submit competitive bids and offers, allowing for trades throughout the trading session.