Which of the Following Statements Is NOT Correct? the Cash

question 41

Multiple Choice

Which of the following statements is NOT correct? The cash rate:

• A)is the result of the demand and supply of ESF.
• B)is the interest rate on overnight interbank loans.
• C)is determined by a decree of the Reserve Bank of Australia (RBA).
• D)is used as a reference rate by banks for the determination of other interest rates.

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Definitions:

Japanese Stock Market

A collection of stock exchanges located in Japan, like the Tokyo Stock Exchange, where investors can trade shares of Japanese companies.

Index

A statistical measure that represents the performance of a group of stocks, indicating trends in various industry sectors or the market as a whole.

Call Option

A financial derivative that gives the holder the right, but not the obligation, to buy a stock or other asset at a specified price within a specified time frame.

Underlying Asset

The financial instrument upon which derivatives like options and futures are based.