Authorised deposit- taking institutions
A) make profit from the spread between the interest rate they pay on deposits and the interest rate they receive on loans.
B) make zero profit but receive compensation by the government because their services are so valuable.
C) make their profit by charging the government for their services.
D) make a profit according to how much the Reserve Bank pays them.
Correct Answer:
Verified
Q122: The quantity theory of money predicts that
Q123: Q124: The definition of M3 includes Q125: Which of the following is a primary
A)certificates of deposits.
B)term
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