Which of the Following Statements Is True

question 31

Multiple Choice

Which of the following statements is true?

• A)In Australia, depositors received preference over other liability holders in the event of a liquidation of an FI.
• B)In Australia, depositors receive preference over other liability holders in the event of a liquidation of an FI being replaced by a financial claims scheme to protect deposit accounts.
• C)In Australia, only customers of the major banks are covered by deposit insurance.
• D)Australia has had a well-developed deposit insurance system for decades that has protected depositors without a bank failure for over a century.

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Definitions:

Social-cognitive Theory

A theory of learning that emphasizes the importance of observing, modeling, and imitating the behaviors, attitudes, and emotional reactions of others.

Internal Forces

Psychological or emotional factors that influence an individual's behavior and decision-making process from within.

External Forces

Factors or influences originating outside an individual that can impact their behavior, decisions, or psychological state.

Systematic Desensitization

A therapeutic technique aimed at reducing anxiety and fear responses by gradually exposing the individual to the feared object or context while teaching relaxation strategies.