Which of the Following Statements Is True

question 47

Multiple Choice

Which of the following statements is true?

• A)Australian FIs are required to hold a minimum of three days' estimated cash requirements to enable them to manage a short run on deposits.
• B)Australian FIs are required to hold a minimum of five days' estimated cash requirements to enable them to manage a short run on deposits.
• C)Australian FIs are required to hold a minimum of seven days' estimated cash requirements to enable them to manage a short run on deposits.
• D)None of the listed options are correct.

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