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Australian ADIs (Authorised Deposit-taking Institutions) have generally applied conservative lending standards when making housing loans. a) Describe the four main elements of these standards. b)

Australian ADIs (Authorised Deposit-taking Institutions) have generally applied conservative lending standards when making housing loans.
a) Describe the four main elements of these standards.
b) Describe two ways in which these standards were not applied in the US sub prime loan market prior to the GFC

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