1.The Basel capital adequacy requirements apply to: Select one: a. All financial institutions supervised by ASIC. b. Banks, investment banks and merchant banks only. c. All banks registered with APRA and some other financial institutions. d. All financial institutions.

2.An example of an off-sheet business' transaction that banks are generally involved in is: Select one: a. Entering into an outright forward purchase agreement. b. Providing a performance guarantee to a third party on behalf of a client. c. All of the givenanswers. d. Providing a stand-by letter of credit.