The market structure of the banking sector has changed since deregulation of the financial system during the 1980s.Which statement more closely reflects the current structure of the banking sector in Australia?

Question

Quizplus · Accepted Answer

The statement "The number of banks has grown steadily since the 1980s and the major banks maintain the highest percentage share of total assets" reflects the current structure of the banking sector in Australia. While deregulation did lead to an increase in the presence of foreign banks in Australia, the major banks (such as Commonwealth Bank, Westpac, ANZ, and NAB) still hold the majority share of total assets in the banking sector. Additionally, while there are regional banks operating in Australia, they do not hold as large a share of total assets as the major banks.

The Market Structure of the Banking Sector Has Changed Since