Which of the Following Statements Is True

question 40

Multiple Choice

Which of the following statements is true?

• A)Australian banks' decreased reliance on off-shore funding post GFC led to funding pressures and increased the costs of obtaining funds.
• B)Australian banks' increased reliance on off-shore funding post GFC led to funding pressures and increased the costs of funding.
• C)Australian banks reduced their reliance on on-shore funding in an effort to reduce the costs of funding and ease pressure on mortgage interest rates.
• D)Australian banks increased their reliance on on-shore funding post GFC which led to funding pressures and increased the costs of obtaining funds.

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Definitions:

Income Tax

A type of tax that governments impose on income generated by businesses and individuals within their jurisdiction.

Base Wage

The initial rate of pay, excluding overtime or bonuses, agreed upon by an employer and employee.

Machining

A manufacturing process involving the cutting, shaping, or finishing of metal or other materials with machine tools.

Lathe

A lathe is a machine tool used to shape metal, wood, or other materials by rotating the workpiece against a cutting tool.