The Collapse of Lehman Brothers in 2008 and the Impact

Multiple Choice

The collapse of Lehman Brothers in 2008 and the impact of the global financial crisis made it difficult for Australian banks to obtain off-shore funding.As a consequence banks pursued more stable sources of funds.These strategies include:

A) increased use of wholesale long-term funding
B) decreased use of wholesale long-term funding
C) decreased holdings of liquid assets
D) decreased use of wholesale long-term funding and increased holdings of liquid assets