Licensing fordeposit-taking institutions(ADIs) is provided by the

A.Australian Prudential Regulation Authority.

B.Reserve Bank of Australia.

C.Australian Financial Markets Association.

D.Federal Treasury.

The Australian Prudential Regulation Authority(APRA) is responsiblefor:

A.ensuring the payments system is efficient and stable

B.the supervision ofbanks, insurance and superannuationcompanies, andnon-bank deposit taking institutions

C.monitoring the behaviour of ASIC

D.maintaining stability in the financial system

When implementing monetarypolicy, the objective of the Reserve Bank of Australia(RBA)

A.to control inflation within a target range

B.to maintain full employment

C.to change the money supply in the economy

D.to print and issue currency and notes

The Reserve Bank of Australia manages the liquidity of the financial systemby:

A.borrowing from the government

B.issuing money

C.borrowing from foreign banks

D.buying and selling securities and other financial instrument

The objective of prudential supervisionis:

A.to improve the safety ofdepositors' funds

B.to prevent bank failures

C.to provide liquidity in the financial markets

D.to maintain systemic stability