Although Australia Has Only Had an Explicit Deposit Insurance Scheme

question 46

True/False

Although Australia has only had an explicit deposit insurance scheme since 2008, it has had depositor protection since 1959 and has always had depositor preference.

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Definitions:

Unclear Task Characteristic

Pertains to an assignment or job duty that lacks clear definition, objectives, or processes, often leading to confusion and inefficiency among those involved.

Path-goal Theory

A leadership theory that suggests a leader's effectiveness is determined by their ability to clear pathways to their followers' goals, modifying their style to the situation and the follower's characteristics.

Environment

The surrounding conditions or context in which a person, animal, or plant lives or operates, encompassing both natural and built elements.

Leader-member Exchanges

A theory focusing on the two-way (dyadic) relationship between leaders and followers, emphasizing the mutual benefits derived from a high-quality relationship.