Multiple Choice
Foreign currency liabilities have increased in importance as a source of funds for Australian banks.Which of the following statements is NOT a major reason?
i.deregulation of the foreign exchange market
ii.diversification of funding sources
iii.demand from multinational corporate clients
iv.internationalisation of global financial markets
v.avoidance of the non-callable deposit prudential requirement
vi.expansion of banks' asset-base denominated in foreign currencies
A) v
B) ii
C) i
D) All of the given answers are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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