Modern monetary policy in Australia is implemented by the RBA seeking to maintain the overnight cash rate at a pre-announced level.
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Q98: Since the early 1990s, the RBA has
Q99: The effect of a decrease in interest
Q100: If the RBA is 'testing' the foreign
Q101: 'Smoothing' operations of the RBA are intended
Q102: Monetarists advocate the monetary rule, which states
Q104: The effect of an increase in interest
Q105: When the velocity of money is unstable,
Q106: With a floating exchange rate, intervention in
Q107: Australia has experimented with policy based on
Q108: Narrbegin Exhibit 16.1 
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