Which of the Following Is Incorrect in Relation to Federal

question 41

Multiple Choice

Which of the following is incorrect in relation to Federal Government Ministers.They are:

• A)Members of Parliament appointed by the Governor-General on the advice of the Prime Minister to administer the various departments of the Federal public service.
• B)Members of the Federal Executive Council.
• C)elected to their positions according to a ballot of the House of Representatives.
• D)responsible for advising the Governor-General on matters of government.

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Definitions:

Exchange Rate

The worth of one currency when converted to another.

Interest Rate

The rate at which a borrower pays interest for the money borrowed from a lender.

Loanable Funds

The total funds available for borrowing in the economy, coming from savings, that are used for investments and consumption.

Interest Rate

The fraction of a loan incurred as interest by the borrower, often depicted as an annual percentage of the outstanding loan amount.