Which of the Following Statements Is NOT Correct? an Exchange

question 42

Multiple Choice

Which of the following statements is NOT correct? An exchange settlement account (ESA) is:

• A)an account held by deposit-taking institutions at the Reserve Bank of Australia (RBA).
• B)used to transfer funds to and from in order to settle transactions in the payments system.
• C)an account whose balance represents bank reserves.
• D)the account used by the Commonwealth government for its spending and its income.

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Definitions:

Correlational Studies

Research methods that examine the relationship between two or more variables to determine if a correlation exists.

Cancer

A disease characterized by the uncontrolled growth and spread of abnormal cells in the body.

Illusory Correlations

The perception of a relationship between two variables when no such relationship exists.

Associations

Connections or relationships between thoughts, ideas, or objects, often studied in psychology to understand how memory works.