TRUE OR FALSE:

1. Banks with a significantly large share of fixed-interest rate home loans are less exposed to interest rate risks.

2. Although Australian banks are pretty big, they are not classified as globally systematically important banks.

3. A bad bank or an asset management company is often created to take care of banks’ distressed assets, thus giving banks a clean slate.

Answer rating: 100% (QA)

ANSWER 1 TRUE To meet the demands of their customers and communities and to execute business strategies banks make loans purchase securities and take ... View the full answer