The Number of Banks Has Grown Steadily Since the Middle

question 52

Multiple Choice

The number of banks has grown steadily since the middle of the 1980s for the following reasons:

• A)liberalisation of conditions for foreign bank entry by APRA
• B)deregulation of the banking industry, including the relaxation of bank entry requirements
• C)changes to the regulatory regime for non-bank depository institutions favoured conversion from building society to banks
• D)All of the listed options are correct.

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Definitions:

Strike Price

The predetermined price at which the holder of an option can buy (call) or sell (put) the underlying asset.

Strike Price

The specified price at which the buyer of an option can buy (for a call option) or sell (for a put option) the underlying asset.

Net Profit

The amount of income that remains after all operating expenses, taxes, and costs have been subtracted from total revenue.