Which of the Following Statements Is True Regarding the Percentage

question 1

Multiple Choice

Which of the following statements is true regarding the percentage share of assets of financial institutions in Australia as of end June 2005?

• A) The largest percentage of assets is held by money market corporations.
• B) The largest percentage of assets is held by credit unions.
• C) The largest percentage of assets is held by permanent building societies.
• D) The largest percentage of assets is held by banks.

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Definitions:

Premium Bond

A bond trading above its face value or principal amount, often due to lower market interest rates compared to the bond's coupon rate.

Capital Gain

The profit earned from the sale of an asset or investment when the selling price exceeds the purchase price.

Discount Bond

A bond that is sold for less than its face value, typically because the prevailing interest rates are higher than the bond's coupon rate.

Bond Contract

A legal document that outlines the terms of a bond issuance, including the interest rate, maturity date, and issuer's obligations.