1. Some investors are concerned that the Vanguard Australia investment fund provided inaccurate or incomplete information. Their...

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Question:

1. Some investors are concerned that the Vanguard Australia investment fund provided inaccurate or incomplete information. Their marketing only emphasized high returns without providing a fair assessment of the risks. Which financial regulator in Australia should be responsible for investigating this concern?

a.APRA

b.Commonwealth government

c.RBA

d.ASIC

2. Which one of the following is the responsibility of the APRA?

a.Issuing licenses to Authorised Deposit-taking Institutions

b.All of these.

c.Monitoring the performance of superannuation funds and providing recommendations to rectify the underperforming superannuation funds

d.Imposing restrictions on how much Australian banks can lend to borrowers with high debt-to-income ratios to prevent the potential risk of a burst of the housing bubble on the banking sectors.