When Making Open Market Purchases,the Reserve Bank of Australia (RBA)accepts

question 40

Multiple Choice

When making open market purchases,the Reserve Bank of Australia (RBA) accepts:

• A)Shares.
• B)Nonbank corporate securities.
• C)Foreign government securities.
• D)Commonwealth government securities.

---

Definitions:

GAAP

Generally Accepted Accounting Principles; a collection of standardized guidelines and practices for financial accounting used in a particular jurisdiction.

Historical Cost

The original monetary value of an asset or investment at the time of its acquisition.

Market Value

The current price at which an asset or service can be bought or sold in a vibrant market.