TABLE OF CONTENT………………………………….1 1. INTRODUCTION……………………………….2 2. DEMAND AND SUPPLY………………………3 1. Factors affecting demand………………………...3 2. Factors affecting supply…………………………..7 3. The new market equilibrium……………………..9 3. INTERVENTION IN THE MARKET………..11 4. CONCLUSION…………………………………12
REFERENCE……………………………………….......13
1. Introduction -Brief the banking industry.
Australia has a well capitalized banking sector. According to the World Economic Financial Development report in the 2010, Australia ranked fifth among the world’s leading financial systems and capital market. Australia has four large domestic banks that provide full service retail and commercial lending to the Australia economic. . Because of the Australian baking’s development widely, there are various elements impact the banking sector in this country.
This report firstly illustrates factors affecting demand in Australia’s banking. Next, factors affecting supply are also analyzed how they impact the banking industry. Thirdly, the new market equilibrium is given as a result of combining the analysis of the demand and supply. Then, intervention in the market is the final element to explain in this report.
-Objective of the study
The objective of this report is to identify factors that affect the banking in Australia.
- Purpose
The purpose of this report is to analyze how various factors affect the banking industry.
-Scope of study
In the limited range of the next few pages, this report attempts to present a snapshot of factors that influence the banking industry in Australia.
-Limitation of the study The reporters choose salient data to analyze in the knowledge of reporters.
2. Demand and supply 2.1 Factors affecting demand
- Changes in consumer preference The preference of consumer is one of the most elements affecting demand. According to data from the Reserve Bank of