Which of the following statements is NOT correct? The cash rate:
A) is the result of the demand and supply of ESF.
B) is the interest rate on overnight interbank loans.
C) is determined by a decree of the Reserve Bank of Australia (RBA) .
D) is used as a reference rate by banks for the determination of other interest rates.
Correct Answer:
Verified
Q1: _ is included as part of M1.
A)Currency
Q2: Which of the following is part of
Q3: In order to reach its cash rate
Q5: M1 includes:
A)Bank current accounts held by households.
B)Bank
Q6: Broad money is:
A)M3 plus borrowings by the
Q7: A decrease in reserve requirements will definitely
Q8: Which of the following statements is NOT
Q9: The supply of ESF increases when:
A)commercial banks
Q10: If the actions of the government bring
Q11: In order to reach its cash rate
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