Which of the Following Is Used by the Reserve Bank

question 6

Multiple Choice

Which of the following is used by the Reserve Bank of Australia as the main measure of monetary movements in Australia?

• A)M1
• B)M3
• C)broad money
• D)credit

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Definitions:

Fascism

A political ideology characterized by authoritarian power, dictatorial leadership, and the suppression of democratic institutions and societal opposition.

Means of Production

The physical, non-human inputs used for the production of economic value, such as factories, tools, and raw materials.

Standard of Living

measures the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.

Barter

An exchange system where goods and services are traded directly without the use of money as a medium.