Which of the following statements is true?
A) Interest margins earned by banks bear no relation to the true cost of banking services.
B) Deregulation has seen a widening of bank interest margins in Australia.
C) Bank interest margins are set to precisely match the cost of satisfying reserve requirements.
D) Part of the costs covered by bank interest margins arises from the transactions carried out on deposit accounts.
Correct Answer:
Verified
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A)
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B)
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