Financial Institutions (HSC SSCE Business Studies): Quizzes
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10 questions from this quiz
What is the main role of financial institutions in the economy?
What is the main role of financial institutions in the economy?
Act as intermediaries between savers & borrowers
How do banks primarily generate profit from their operations?
How do banks primarily generate profit from their operations?
Through the interest rate spread
Which of these is NOT one of Australia's Big Four banks?
Which of these is NOT one of Australia's Big Four banks?
Macquarie Bank
Investment banks primarily provide financial services to which sector?
Investment banks primarily provide financial services to which sector?
The business sector
How do finance companies raise capital to lend to businesses?
How do finance companies raise capital to lend to businesses?
By issuing debentures
For which employees must employers make superannuation contributions?
For which employees must employers make superannuation contributions?
Employees aged 18-69 earning >$450/month
What will the superannuation guarantee rate be from July 2025 onwards?
What will the superannuation guarantee rate be from July 2025 onwards?
12%
What do life insurance companies invest to provide capital to businesses?
What do life insurance companies invest to provide capital to businesses?
Premium reserves
In the ASX primary market, who receives the proceeds from new share issues?
In the ASX primary market, who receives the proceeds from new share issues?
The business issuing the shares
What is a key benefit of unit trusts for small investors?
What is a key benefit of unit trusts for small investors?
Access to professional management