Each bank has to make a choice whether to maintain an exchange settlement account with the RBA or not.

Name: Each bank has to make a choice whether to maintain an exchange settlement account with the RBA or not.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

All banks operating in Australia are required to maintain an Exchange Settlement Account (ESA) with the Reserve Bank of Australia (RBA) to facilitate the settlement of interbank obligations and ensure the stability of the payment system.

Each Bank Has to Make a Choice Whether to Maintain