Multiple Choice
Which of the following statements is true?
A) Australian FIs are required to hold a minimum of three days' estimated cash requirements to enable them to manage a short run on deposits.
B) Australian FIs are required to hold a minimum of five days' estimated cash requirements to enable them to manage a short run on deposits.
C) Australian FIs are required to hold a minimum of seven days' estimated cash requirements to enable them to manage a short run on deposits.
D) None of the listed options are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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