Which of the following is not a major function of the Reserve Bank of Australia?

Question

Quizplus · Accepted Answer

The Reserve Bank of Australia is not responsible for determining taxation rates. Its main functions are to maintain the stability and efficiency of the financial system, regulate the supply of money and credit, conduct monetary policy, and manage the country's foreign exchange reserves. Controlling the cash rate is an important aspect of its monetary policy function, while monitoring credit growth is key to maintaining financial stability.

Which of the Following Is Not a Major Function of the Reserve