Which Act Gives Extensive Powers to APRA Over Almost All

question 26

Multiple Choice

Which Act gives extensive powers to APRA over almost all aspects of banking operations?

• A)APRA Act 1998.
• B)Reserve Bank Act 1959.
• C)Banking Act 1959.
• D)Shareholdings Act 1972.

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Definitions:

Normal Form Game

A representation of a game in strategic form, showing players, strategies, and payoffs, useful in the analysis of strategic interactions.

Cheating

The act of being dishonest or unfair in order to gain an advantage, often violating rules or norms.

Payoff

The return or outcome received from an investment or decision, which can be in the form of profit, satisfaction, or achievement of goals.

Negotiation Consultant

A professional who advises and represents individuals or organizations in negotiations to optimize the outcome of deals or disputes.