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- 1. Multiple Choice
Which organisation conducts monetary policy?
Reserve Bank of Australia
APRA
RCA
ASIC
- 2. Multiple Choice
Tightening of monetary policy involves
decreasing the cash rate
increasing the cash rate
- 3. Multiple Choice
Easing monetary policy involves
decreasing the cash rate
increasing the cash rate
- 4. Multiple Choice
The RBA announces the monetary policy decision on
The first Tuesday of each week at 2:30pm
The First Tuesday of each month at 2:30pm
The First Tuesday of each month at 5pm
The first Tuesday of each week at 5pm
- 5. Multiple Choice
Which of the following laws govern the RBA
The Reserve Act 1959
The Australian Monetary Fund 1961
The Australian Monetary Fund 1964
The Reserve Bank Act 1959
- 6. Multiple Choice
Which of the following is NOT an objective of monetary policy
Inflation between 2-3%
Full employment
Equal distribution of income
Economic prosperity
- 7. Multiple Choice
CGS stands for
Commonwealth Government Spending
Commonwealth Government Securities
Commonwealth Government Stability
Commonwealth Government Stance
- 8. Multiple Choice
To increase money supply the RBA will
Sell CGS to banks
Buy CGS from banks
Buy CGS from the government
Sell CGS to the government
- 9. Multiple Choice
DMO refers to the purchase and sale of financial securities by the RBA in exchange for ES balances (cash).
True
False
- 10. Multiple Choice
ES stands for
Exchange Securities
Exchange Stocks
Exchange Settlements
- 11. Multiple Choice
The policy interest rate corridor is defined
as the cash rate target
as a floor and a ceiling around the cash rate target in the Australian cash market.
a price floor on the cash rate target in the Australian cash market.
a price ceiling on the cash rate target in the Australian cash market.
- 12. Multiple Choice
The current RBA cash rate as of August 2022 is
0.10%
1.35%
1.85%
1.50%
- 13. Multiple Choice
The current inflation rate as at August 2022 is
5.1%
6.1%
2%
3%
- 14. Multiple Choice
The RBA target inflation rate is between
3-4%
2-3%
5-6%
4-5%
- 15. Multiple Choice
The cash rate in the policy corridor has a price ceiling and price floor with how many basis points above the target?
50 basis points
25 basis points
15 basis points
5 basis points
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