Foreign currency liabilities have increased in importance as a source of funds for Australian banks. Major reasons for this include:

I. Deregulation of the foreign exchange market

II. Diversification of funding sources

III. Demand from multinational corporate clients

IV. Internationalisation of global financial markets

V. Basel III requirements

VI. Expansion of banks' asset-base denominated in foreign currencies

Select one:

a.I, III, IV, V, VI

b.I, II, III, IV,V, VI

c.II, III, IV, V, VI

d.I, II, III, IV, VI