In the balance sheets of Australian banks:
A) there was a significant decline in the percentage of current deposits in the total.
B) there has been an increase in the percentage of assets held in cash and liquid assets by banks because of continuing reductions in, and the ultimate removal of, required reserve ratios and the reduced need for liquidity as a result of the increased feasibility of asset/liability management.
C) there has been a decrease in the proportion of term deposits, arising largely from the normal (upward- sloping) yield curve in Australia.
D) certificates of deposit have declined in importance.
Correct Answer:
Verified
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