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Which of the Following Statements Is NOT Correct

Question 34

Multiple Choice

Which of the following statements is NOT correct?


A) The Reserve Bank of Australia undertakes reverse repos with commercial banks to provide them with ESF.
B) Commercial banks receive a higher interest rate on interbank market loans than on their balances in their ESA.
C) The RBA uses the money markets to implement its open-market operations.
D) Reverse repo undertaken by the Reserve Bank of Australia with commercial banks exclusively use government bonds.

Correct Answer:

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