Which of the Following Statements Is NOT Correct

question 3

Multiple Choice

Which of the following statements is NOT correct?

• A)The Reserve Bank of Australia undertakes reverse repos with commercial banks to provide them with ESF.
• B)Commercial banks receive a higher interest rate on interbank market loans than on their balances in their ESA.
• C)The RBA uses the money markets to implement its open-market operations.
• D)Reverse repo undertaken by the Reserve Bank of Australia with commercial banks exclusively use government bonds.

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