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a) Explain why banks are the most heavily regulated industry in the country. (4 marks)
b) The economy is about to enter a recession that will see a significant increase in unemployment. Explain how APRA will likely change CAR and it's flow on impact on the cost of banking for the public and the objective of such a change. (8 marks)
Apply the specific theory of Foundations of Finance to answer the following questions only. Curriculum from any other unit, AI answers or internet answers are easily recognisable and will earn 0 marks.Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!