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Which one of the following statements correctly describes the increased capital ratios that will come into effect under Basel III?
minimum tier 1 capital of 4.5% and minimum total capital plus a conservation buffer of 10.5%
minimum tier 1 capital of 6% and minimum total capital including conservation buffer of 8%
minimum tier 1 capital of 4% and minimum total capital including conservation buffer of 10.5%
minimum tier 1 capital of 6% and minimum total capital including conservation buffer of 10.5%
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