The Account That a Financial Institution Has with the RBA

question 69

Multiple Choice

The account that a financial institution has with the RBA is known as a(n) :

• A)fund settlement account
• B)money settlement account
• C)payment settlement account
• D)exchange settlement account.
• E)None of these.

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Definitions:

Trade Unions

Organizations formed by workers to protect their rights, improve working conditions, negotiate wages, and address grievances with employers.

Labour Statutes

Labour statutes are laws specifically related to the rights and obligations of workers and employers, often dealing with conditions of employment, worker safety, and collective bargaining.

Unionized Employees

Workers who are members of a labor union, which represents their interests in negotiations with employers.

Dismissed

The termination of a case or a charge against someone without further hearing, often because there is not enough evidence to proceed.