In the 1970s and 1980s,which method did the Reserve Bank of Australia use in conducting monetary policy?

Question

Quizplus · Accepted Answer

In the 1970s and 1980s, the Reserve Bank of Australia used monetary targeting to conduct monetary policy. This involved setting targets for the growth rate of money supply in the economy and adjusting monetary policy tools to achieve those targets. The focus was on controlling the quantity of money in circulation rather than interest rates or inflation.

In the 1970s and 1980s,which Method Did the Reserve Bank