As the central bank,the Reserve Bank of Australia provides banking services to

Question

Quizplus · Accepted Answer

The Reserve Bank of Australia provides banking services to banks and the Australian government. It acts as the banker to the Australian government, providing services including managing the government's cash balances and issuing government bonds. It also provides banking services to other financial institutions, such as maintaining their balances and providing them with liquidity when needed.

As the Central Bank,the Reserve Bank of Australia Provides Banking