The cash rate is the
A) ratio of the value of securities bought by the Reserve Bank of Australia to securities outstanding.
B) the interest rate on interbank loans that members of the Real- Time Gross Settlement (RTGS) system pay to each other.
C) ratio of the value of securities sold by the Reserve Bank of Australia to securities outstanding.
D) interest rate that the Reserve Bank of Australia charges banks on loans.
Correct Answer:
Verified
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