A Cheque's BSB Number Identifies the Bank and Relevant Branch

question 100

True/False

A cheque's BSB number identifies the bank and relevant branch of its depositor.

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Definitions:

Unemployment

The failure to use all available economic resources to produce desired goods and services; the failure of the economy to fully employ its labor force.

Command Economies

Economic systems where the government controls the production, distribution, and consumption of goods and services.

Positive Statement

An objective statement based on fact that can be tested and validated, often used in the description of economic behaviors.

Economic Policy

Strategies and actions taken by the government or regulatory bodies to influence the economy, including fiscal, monetary, and trade policies.