Briefly Discuss the Organisation of the RBA

question 22

Essay

Briefly discuss the organisation of the RBA. Include in your answer a discussion of the individuals/groups who make decisions about monetary policy.

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Definitions:

Procedural Memories

Memories of motor skills and actions that have been learned previously and can be performed without conscious thought, as part of an individual's implicit memory.

Very Recent Memories

Memories of events that have occurred in the immediate past, often within minutes to days.

Long-Term Potentiation

An increase in synaptic strength following high-frequency stimulation of a chemical synapse, important for learning and memory.

Synaptic Firing Potential

The likelihood or ability of neurons to transmit an electrical or chemical signal across the synapse to another neuron.