An active and efficient money market greatly assists the RBA in carrying out its responsibilities.

Question

Quizplus · Accepted Answer

An active and efficient money market helps the RBA in achieving its monetary policy objectives, such as maintaining price stability and promoting economic growth. It allows the RBA to implement its policy decisions effectively by influencing the interest rates in the economy. Additionally, a well-functioning money market helps in the efficient allocation of funds and supports the liquidity needs of financial institutions.

An Active and Efficient Money Market Greatly Assists the RBA