In March 2014,which of the following comprised the largest individual component of credit in Australia?
A) Credit cards
B) Business loans
C) Housing loans
D) Personal loans

Question

Quizplus · Accepted Answer

According to the Reserve Bank of Australia, as of March 2014, housing loans comprised the largest component of credit in Australia, accounting for approximately 60% of all credit. Business loans were the second largest component, followed by personal loans and then credit cards. Therefore, option C is the correct answer.

In March 2014,which of the Following Comprised the Largest Individual