The four majors (ANZ, CBA, NAB and WBC) dominate the financial landscape in Australia because of their asset size, their number of customers and the scope of financial products they offer. But while they are all reasonably profitable at the moment, and still have high dividend yields, the four majors are still feeling the effects of the findings from the Royal Commission into Misconduct in the Banking Industry. Why are sources of funds for banks considered to be liabilities on the balance sheet? State the different sources of funds that are available for the four majors. Which are the most important and least important sources of funding? (3 marks)