Which of the following statements is true?
A)In the current situation, only small FIs have to hold 9% of their liabilities in specified high-quality liquefiable assets.
B)Currently, FIs are required to have in place a regulator-approved liquidity management strategy.
C)Currently, FIs are not subject to the user-pays approach.
D)Currently, FIs are required to have in place a regulator-approved liquidity management strategy and only small FIs have to hold 9% of their liabilities in specified high-quality liquefiable assets.

Question

Quizplus · Accepted Answer

Option D is the only statement that is completely true. FIs of all sizes are required to have a regulator-approved liquidity management strategy, and only small FIs have to hold 9% of their liabilities in specified high-quality liquefiable assets. Option A is incorrect because it only applies to small FIs. Option B is partially true, but it fails to mention that this requirement applies to all FIs. Lastly, option C is incorrect because FIs are subject to the user-pays approach in some areas, such as charges levied for using payment systems.

Which of the Following Statements Is True