Which of the Following Procedures Does APRA Require to Be

question 31

Multiple Choice

Which of the following procedures does APRA require to be adopted by FIs as part of their liquidity management strategies?

• A)Liquidity management policy approved by the board.
• B)Procedures for assessing and measuring liquidity.
• C)A formal contingency plan for dealing with a liquidity crisis.
• D)All of the listed options are correct.

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Definitions:

Pitfalls

Hidden or unexpected difficulties or dangers that complicate endeavors or tasks.

Benefits

Advantages or payments made to individuals or groups, often from governments or employers, to support well-being or provide assistance.

Medicare

A federal health insurance program in the United States for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.