The Functions of the Reserve Bank of Australia Include I

question 13

Multiple Choice

The functions of the Reserve Bank of Australia include i.banker to banks and government.
Ii) lender of last resort.
Iii) issuer of bank notes.

• A)ii and iii
• B)i and ii
• C)i only
• D)iii only
• E)i,ii and iii

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Definitions:

Salvage Value

The estimated residual value of an asset at the end of its useful life.

Straight-Line Depreciation

A method of allocating an asset's cost evenly across its useful life.

Salvage Value

The estimated resale value of an asset at the end of its useful life, often considered during depreciation calculations.

Double-Declining Balance

A method of accelerated depreciation where an asset’s book value is decreased at double the rate of its straight-line depreciation.