Responding to the Financial Crisis, the Australian Government Introduced a Number

question 55

Multiple Choice

Responding to the financial crisis, the Australian government introduced a number of measures to ease liquidity issues and included the following:

• A)a permanent financial claims scheme (FCS) in October 2008, which explicitly guaranteed bank deposits with a $1 million cap
• B)a semi-permanent financial claims scheme (FCS), which implicitly guaranteed bank deposits
• C)a permanent guarantee scheme for large deposits and wholesale funding which, for a fee, guaranteed bank deposits greater than $1 million
• D)a permanent financial claims scheme (FCS) in October 2008, which explicitly guaranteed bank deposits with a $1 million cap; the guarantee was reduced to $250 000 per depositor from 2012

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Definitions:

Human Figure

The representation of the human body in art, which can range from realistic to abstract interpretations.

New Kingdom

An era of ancient Egyptian history, characterized by its wealth, power, and the construction of many of the most famous monuments of Egypt, including the temples at Karnak and the Valley of the Kings.

Palette

A thin board or slab on which an artist lays and mixes colors for painting, or in historical contexts, a stone slab with a circular depression used in ancient Egypt for grinding and mixing cosmetics.

Monument

A structure erected to commemorate persons or events of historical, cultural, or social significance.