The collapse of Lehman Brothers in 2008 and the impact of the global financial crisis made it difficult for Australian banks to obtain off-shore funding.As a consequence banks pursued more stable sources of funds.These strategies include:
A) increased use of wholesale long-term funding
B) decreased use of wholesale long-term funding
C) decreased holdings of liquid assets
D) decreased use of wholesale long-term funding and increased holdings of liquid assets
Correct Answer:
Verified
Q5: Which of the following statements is true?
A)Authorised
Q7: The market structure of the banking sector
Q8: Which of the following statements is true?
A)Non-bank
Q9: Australia's big four banks include:
A)National Australia Bank,
Q11: The Australian major banks' 30-year average return
Q12: The number of banks has grown steadily
Q13: Which of the following is true?
A)All banks
Q14: The most important source of bank funding
Q15: Following the global financial crisis, banks strengthened
Q130: Which of the following is true of
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