What Is the Main Monetary Policy Tool Used by the Reserve

question 23

Essay

What is the main monetary policy tool used by the Reserve Bank of Australia (RBA)and why?
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Definitions:

Percent Equivalent

A way to express a part of the whole number as a percentage.

Rounded

Adjusted to the nearest specified value, often to simplify numbers for ease of calculation or reading.

Decimal Equivalent

A decimal number that represents the fractional part of a whole.

Percent Equivalent

A way to express fractions or decimals as percentages.