Select the correct statement. The Australian Prudential Regulatory Authority $($APRA$)$:

Select one:

a$.$

Enforces the Basel Accord and is a member of the international Basel Committee on Bank Supervision $($BCBS$).$

b$.$

Can cut interest rates to encourage business investment in new machinery and projects, which will increase GDP growth, employment and inflation.

c$.$

Runs a budget surplus when taxes are greater than transfer payments and services.

d$.$

Plays a similar role to the Antitrust Division of the US Department of Justice.

e$.$

Will decrease the cash rate if inflation is forecast to be too low due to an economic recession.