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Which of the following statements is NOT correct? a. Credit unions are supervised by Australia Prudential Regulation Authority. b. Credit unions include redeemed preference shares

Which of the following statements is NOT correct?

a. Credit unions are supervised by Australia Prudential Regulation Authority.

b. Credit unions include redeemed preference shares as part of the reserves in the capital account.

c. Credit unions are not subject to capital regulation.

d. To use the services of a credit union a customer must be a member.

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