Câu hỏi về chính sách tiền tệ Úc

What is the main objective of monetary policy in Australia?

• Reduce the unemployment rate

• Increase the value of the Australian dollar against other currencies

• Economic growth

• Price stability

The Reserve Bank of Australia, the inflation target refers to monetary policy aimed at

• achieving a certain average annual inflation rate over the business cycle.

• achieving the same low inflation rate each year.

• controlling the money supply to achieve the target inflation rate.

• controlling the money supply to achieve the target interest rate that will ensure low inflation.

The Reserve Bank of Australia has declared that it focuses on which main objective of monetary policy?

• Stability of financial markets

• Low inflation

• Economic growth

• High labor force participation rate

The Reserve Bank of Australia targets an average annual inflation rate, over the business cycle, of between _________.

• 1 percent and 2 percent

• 2 percent and 4 percent

• 3 percent and 4 percent

• 2 percent and 3 percent

The demand for money will increase if the price level ________ or if GDP ________.

• increases; decreases

• decreases; decreases

• increases; increases

• decreases; increases

Open market operations occur when the Reserve Bank of Australia

• buys or sells corporate stocks in the market to control interest rates.

• controls the money supply.

• lends to foreign banks.

• buys or sells short-term financial instruments.

The Reserve Bank of Australia uses open market operations

• frequently every day.

• once a month when the Reserve Bank Board meets to discuss monetary policy.

• only when it wants to increase or decrease the cash rate.

• only when it is implementing monetary policy.

The 'cash rate' is the interest rate

• The Reserve Bank of Australia charges commercial banks.

• banks charge their largest customers.

• banks charge each other for overnight loans.

• on a bond or government security.

The overnight cash rate is determined

• administratively by the Reserve Bank of Australia.

• by the supply and demand for cash.

• directly by household demand for funds.

• directly by business demand for funds.

The accounts held with the Reserve Bank of Australia (RBA) that are used by financial institutions to settle payments between each other and with the RBA are called ________.

• credit accounts

• real-time gross settlement accounts

• debit accounts

• exchange settlement accounts