Which of the following statements is FALSE?
A) Fundamentally, interest rates are determined by the RBA.
B) The interest rates that are quoted by banks and other financial institutions are nominal interest rates.
C) The RBA determines very short-term interest rates through its influence on the cash rate.
D) The interest rates that banks offer on investments or charge on loans depends on the horizon of the investment or loan.
Correct Answer:
Verified
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