The number of banks has grown steadily since the middle of the 1980s for the following reasons:

Question

Quizplus · Accepted Answer

All of the options listed (A, B, and C) are correct and have contributed to the steady growth of banks since the middle of the 1980s. Liberalisation of conditions for foreign bank entry by APRA, deregulation of the banking industry, and changes to the regulatory regime for non-bank depository institutions all played a role in making it easier for new banks to enter the market and for existing institutions to convert or expand their operations.

The Number of Banks Has Grown Steadily Since the Middle