The Reserve Bank of Australia (RBA) Took a Number of Temporary

question 29

Multiple Choice

The Reserve Bank of Australia (RBA) took a number of temporary actions during the global financial crisis to provide liquidity and avert financial system disturbance.Which of the following were not actions supplied by the RBA?

• A)Extension of collateral eligible for open market operations.
• B)Longer term repos offered daily that provided funding for six-month and one-year terms.
• C)Residential mortgage-backed securities and asset-backed commercial paper.
• D)A foreign exchange swap facility to address the global shortage of euro in financial markets.

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Definitions:

Statistical Forecasting

The process of using statistical methods to predict future events or trends based on historical data.

Malicious Compliance

The act of intentionally following orders or instructions in a way that is known to cause harm or failure, using adherence to the directives as a form of passive aggression.

Organizational Change

The process by which companies or organizations change their structure, strategies, operational methods, technologies, or organizational culture to affect change within the organization or to respond to external influences.

Cost-Cutting Strategy

A business approach aimed at reducing expenses to improve overall profitability without compromising the quality of products or services.