The Reserve Bank of Australia manages the supply of cash on a daily basis to:
A) ensure that banks have sufficient cash to meet the demand for funds.
B) sterilise deficits and surpluses of cash in the financial system.
C) ensure that there are no large injections of cash into or withdrawals of cash out of the financial system.
D) ensure that the interest rate changes to create equilibrium in the money market.
Correct Answer:
Verified
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