Which of the Following Statements Concerning Banks Is Incorrect

question 94

Multiple Choice

Which of the following statements concerning banks is incorrect?

• A) In Australia, banks currently account for the largest share of assets of all financial institutions.
• B) Bank loans and commitments must be supported by a minimum specified amount of capital.
• C) At least 50% of the capital requirement must be in the form of Tier 1 capital.
• D) The Australian Reserve Bank monitors capital adequacy requirements for banks.

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