The Reserve Assets Account Records the Change in ________

question 81

Multiple Choice

The reserve assets account records the change in ________.

• A)Australian official reserves
• B)the reserves held by banks and the Reserve Bank
• C)foreign investment and domestic investment
• D)international trade

---

Definitions:

Drawer's Incompetence

Refers to a situation where the person who has written a check (the drawer) is legally unable to enter into a contract, making the check potentially invalid.

Adjudication

The legal process of resolving a dispute or deciding a case, often resulting in a final judgment in court.

Electronic Funds Transfer (EFT)

The electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

Proximately Caused

The action that directly leads to a specific effect or outcome, establishing a clear causal link in legal responsibility.