The Market Structure of the Banking Sector Has Changed Since

question 1

Multiple Choice

The market structure of the banking sector has changed since deregulation of the financial system during the 1980s.Which statement more closely reflects the current structure of the banking sector in Australia?

• A)Foreign banks dominate in number and share of total assets.
• B)The major banks no longer hold the largest share of total assets.
• C)Total assets are fairly evenly distributed between the major, regional and foreign banks.
• D)The number of banks has grown steadily since the 1980s and the major banks maintain the highest percentage share of total assets.

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Definitions:

High Skill

Refers to jobs or workers possessing advanced training, expertise, or education, typically resulting in better job performance and higher pay.

Non-Propertied People

Individuals or groups who do not own property or significant assets, often highlighting differences in social and economic status.

Social Mobility

The movement of individuals, families, or groups through a system of social hierarchy or stratification.

Early 1970s

A period marked by significant cultural, political, and social change around the world, roughly between 1970 and 1974.