FINSIA Professional Banking Fundamentals Practice Questions - FINSIA Professional Banking Fundamentals (Career Qualified In Banking) Exam

Which type of institution is an Authorised Deposit-taking Institution (ADI) in Australia?

Any company that sells general insurance to households A body authorised by APRA to accept deposits from the public A stockbroking firm that holds only client share certificates A non-bank lender that never takes deposits

Correct Answer:

A body authorised by APRA to accept deposits from the public

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