Question: 3. The Probability and Impact Rating System (PAIRS): Select one: a. determines the response APRA should make to the outcomes of PAIRS ratings. b. determines

3.

The Probability and Impact Rating System (PAIRS):

Select one:

a.

determines the response APRA should make to the outcomes of PAIRS ratings.

b.

determines the response APRA should make to the outcomes of financial crisis.

c.

assesses the probability that a regulated institution will fail and the effect such a failure would have on the financial system.

d.

determines the response APRA should make to the outcomes of bank failures.

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