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24.The current financial system in Australia consists of three major agencies, these being:A. APRA, ASIC and the Australian Government. B. APRA, the RBA and the Australian Government. C. APRA, ASIC and the RBA. D. The RBA, ASIC and the Australian Government. 25.Which of the following statements is true?26.The Probability and Impact Rating System (PAIRS):27.Some prudential standards issued by APRA include regulations regarding:
5 28.Customer loans are classified on a DI's balance sheet as:A. liabilities, because the customer may default on the loan. B. assets, because the DI earns servicing fees on the loan. C. liabilities, because the DI must transfer funds to the borrower at the initiation of the loan. D. assets, because DIs originate and monitor loan portfolios. 29.Private placement refers to a securities issue placed:30.Which of the following statements is true?