The financial landscape is made up of which TWO compenents?

• Government

• financial industry

• external forces that shape industry

• Market

What is finance?

• The study of how needs and wants are satisfied in a market

• The study of behaviour of consumers

• The management of assets

• The management of large amounts of money

Which one is NOT a part of the Financial Industry

• Reserve Bank of Australia

• Authorised deposit-taking institutions

• Insurers and fund managers

• Sentiment about the financial landscape

Financial deregulation is best described as what

• A guaranteed to stimulate growth

• The reduction of government regulations

• Allowing financial sector to do whatever it wants

• Make financial landscape fairer to everyone

A technological change in the forces that shape the financial landscape could be

• Ability to send and receive information faster

• Greater communication between the industry and clients

• Improved risk management and transparency

• All of the above

How do banks make Profit

• From selling insurance and financial advice

• Bank fees like overdrafts and annual account keeping fees

• Receiving more interest than what they pay out

• From savers depositing funds

Which is not one of the big four bank is Australia

• Suncorp

• Commonwealth

• Westpac

• NAB

With low consumer confidence the likely result is what two things

• Decreased economic activity

• increased economic activity

• consumers likely to spend more

• consumers likely to save more

If consumer confidence is high, banks will prepare for what

• More people to use cash

• An increase in lending

• a reduction in lending

• Less people to use cash

What does the Reserve Bank of Australia NOT do?

• maintains the stability of the currency

• Prints money

• Regulates commercial banks

• Controls the interest rate