Accounts held with the Reserve Bank of Australia (RBA)which are used by financial institutions to settle payments between each other and with the RBA are called:

Question

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These accounts are called exchange settlement accounts, as they are used for settling financial transactions between banks and the RBA. They are not credit accounts as they do not involve lending, nor are they debit accounts as they do not involve withdrawals. Real-time gross settlement accounts are used for high-value transactions, but this is not the type of account referred to in the question.

Accounts Held with the Reserve Bank of Australia (RBA)which Are