Which of the following statements is false?
A) Funds in non-callable deposits,that all banks were required to lodge with APRA,earned interest at the same rate as Treasury notes.
B) In August 1999,APRA introduced the prime assets requirement to ensure that banks held a minimum level of highly liquid assets.
C) The required non-callable deposit was 1% of a bank's total liabilities less shareholders' funds.
D) Prime assets,by definition,include notes and coins.
Correct Answer:
Verified
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