Which of the Following Is NOT a Function of the Reserve

question 29

Multiple Choice

Which of the following is NOT a function of the Reserve Bank of Australia (RBA) ?

• A)Supervisor of the payments system.
• B)Provider of banking licenses.
• C)Banker of the Federal Government.
• D)Manager of the RITS.

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Definitions:

Current Asset

Any asset that is expected to be converted into cash within one year or within the normal operating cycle of a business.

Expense

Costs incurred in the process of earning revenue, representing outflows of assets or incurrence of liabilities.

Administrative Expenses

Operating expenses such as general office expenses that are incurred indirectly in the selling of goods.

Advertising Expense

Costs incurred in promoting products, services, or the brand to attract customers and increase sales.