Australian ADIs Have Generally Applied Conservative Lending Standards When Making

question 100

Essay

Australian ADIs have generally applied conservative lending standards when making housing loans.Describe the four main elements of these standards.Describe two ways in which these standards were not applied in the US sub-prime loan market prior to the GFC.

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Definitions:

College Counterparts

implies peers or equivalents in a college setting, often referring to fellow students or similar positions within the educational environment.

Postformal Thought

A stage of cognitive development going beyond Piaget's formal operational stage, characterized by the understanding that answers to problems need to be realistic and that ambiguity and contradiction are part of life.

Dialectical

A method of argument or discourse that involves a process of logical reasoning and dialogue to explore contrasting ideas or opinions.

College Students

Individuals enrolled in an institution of higher education to pursue a degree or certificate.