The Australian Institution APRA Is Responsible for the Regulatory Supervision

question 32

Multiple Choice

The Australian institution APRA is responsible for the regulatory supervision of financial institutions such as banks and credit unions.APRA stands for:

• A) Australian Practice and Regulatory Association.
• B) Australian Prudential Regulation Authority.
• C) Australian Prudential Rule Authority.
• D) Australian Practice and Regulatory Authority.

---

Definitions:

Shortage

A situation where the demand for a product exceeds its supply in a market, often leading to increased prices.

Excess Supply

A market condition where the quantity of a good or service supplied exceeds the quantity demanded at a particular price, often leading to price decreases.

Black Market

An illegal trading environment where goods or services are bought and sold without government authorization or oversight.

Market Determined Prices

Prices established through the interaction of supply and demand in a marketplace, reflecting the equilibrium where the quantity supplied equals the quantity demanded.