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WorksheetsFinancial landscape
Total questions: 10
Worksheet time: 5mins
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
