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:

Early Childhood

A period in human development extending from birth to approximately eight years old, significant for physical, cognitive, and social-emotional growth.

Consequences

The outcomes or effects that result from a particular action or condition, whether positive, negative, or neutral.

Laboratory Apparatuses

Tools and equipment used in a lab setting for scientific experiments, research, and measurements.

Introspection

The examination of one's own thoughts and feelings.