Why Australia is Actually an American Company

Why Australia is Actually an American Company

Assessment

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Business, Social Studies

7th - 12th Grade

Hard

Australia is a major economy but is also an American company, registered as a limited liability company in the US. This incorporation was a strategic move during the 2008 financial crisis to ensure financial stability and access to US capital markets. The corporate constitution prevents revenue distribution to shareholders, making it a unique case study in macroeconomic policy and corporate governance.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the surprising fact about Australia's corporate status?

Australia is registered as an American company.

Australia is a subsidiary of China.

Australia is a private company owned by its citizens.

Australia is a part of the European Union.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the corporate constitution of Australia LLC forbid?

Changing its registered office.

Investing in foreign markets.

Hiring foreign employees.

Raising revenue from shareholders.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did Australia incorporate itself as a company?

To expand its tourism industry.

To respond to the 2008 global financial crisis.

To increase its population.

To improve its education system.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the purpose of the deposit guarantee scheme introduced by Australia?

To ensure the safety of deposits in banks.

To promote international trade.

To increase foreign investments.

To reduce inflation rates.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect of 'crowding out' in an economic context?

Increasing foreign investments.

Reducing government spending.

Starving banks of cash.

Boosting local businesses.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which institutions would likely lend money to Australia LLC if needed?

Retail companies.

Individual investors.

Pension funds and insurance companies.

Local small businesses.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the case of Australia LLC illustrate about macroeconomics?

The importance of local businesses.

The role of individual investors.

The practical application of unusual policies.

The impact of tourism on the economy.