Which of the following is not a major function of the Reserve Bank of Australia?
A) Maintaining the integrity of the financial system
B) Monitoring credit growth
C) Determining taxation rates
D) Controlling the cash rate

Question

Quizplus · Accepted Answer

The Reserve Bank of Australia is responsible for setting and implementing monetary policy, including controlling the cash rate, monitoring credit growth, and maintaining the stability of the financial system. However, determining taxation rates is the responsibility of the government, not the Reserve Bank.

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