Which of the Following Statements Is True

question 31

Multiple Choice

Which of the following statements is true?

• A)In Australia, depositors received preference over other liability holders in the event of a liquidation of an FI.
• B)In Australia, depositors receive preference over other liability holders in the event of a liquidation of an FI being replaced by a financial claims scheme to protect deposit accounts.
• C)In Australia, only customers of the major banks are covered by deposit insurance.
• D)Australia has had a well-developed deposit insurance system for decades that has protected depositors without a bank failure for over a century.

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Definitions:

Phonological Awareness

The recognition and understanding of the sound structure of language, including the ability to manipulate sounds.

Syllables

Units of organized sequential sounds in spoken language, serving as the building blocks of words.

Elementary

Pertaining to the basic, fundamental aspects of a subject or the initial stages of education, typically covering the first few years of formal schooling.

Immature Printing

Refers to the early stages of writing development in children, where text may lack proper form or structure.