By the End of the 1990s,there Had Been a Substantial

Multiple Choice

By the end of the 1990s,there had been a substantial contraction in the building society sector.What is the principal reason for this contraction in building societies?

A) Loss of confidence in building societies by individual investors
B) Conversion of building societies to banks
C) Increased cost of regulation by the Australian Prudential Regulation Authority (APRA)
D) Rationalisation through the merger of small building societies