Financial Consumer Protection
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Questions and Answers

What is ASIC responsible for regulating?

  • The education sector
  • The transportation sector
  • The financial sector (correct)
  • The healthcare sector

    • What do financial intermediaries do in an economy?

  • They save money for individuals
  • They borrow money from individuals
  • They lend money to individuals (correct)
  • They invest money in businesses

    • What is investment in the context of businesses?

  • Spending money on employee salaries
  • Spending money on rent
  • Spending money on buying new equipment or moving to bigger premises (correct)
  • Spending money on advertising

    • What is the main responsibility of the Australian Securities and Investments Commission (ASIC)?

    <p>Monitoring the financial services industry</p> Signup and view all the answers

    What is the role of financial intermediaries in the economy?

    <p>Acting as intermediaries between the savers and the borrowers</p> Signup and view all the answers

    What is investment in the context of business?

    <p>Money spent on buying new equipment and moving to bigger premises</p> Signup and view all the answers

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