In Recent Times,there Had Been a Substantial Expansion in Fee-Related

question 21

Multiple Choice

In recent times,there had been a substantial expansion in fee-related income for banks.What is the principal reason for this?

• A) Increased confidence in banks by individual investors
• B) Increased off-sheet business (OBS) for banks
• C) Reduced guidelines by Australian bank supervisor APRA
• D) Increased deposits in banks

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Definitions:

Emerging Society

A society that is in the process of significant social, economic, or political change.

Free Colonial British America

The period in the history of the British colonies in North America characterized by a degree of self-governance and economic freedom from Britain.

Public Sphere

A realm of social life where individuals can come together to freely discuss and identify societal problems, and through that discussion influence political action.

Eighteenth Century

The period from 1701 to 1800 in the Gregorian calendar, marking a phase in global history encompassing significant events such as the Enlightenment and the American Revolutionary War.