Which of the Following Correctly Describes What the Reserve Bank

question 65

Multiple Choice

Which of the following correctly describes what the Reserve Bank of Australia (RBA) used as monetary targets in the past?

• A)The RBA used M3 as its main target after 1993.
• B)The RBA focused on base money as a target after the deregulation of the financial system.
• C)The RBA increased its reliance on interest rate targets since the early 1990s.
• D)After 1996, the RBA focused on monetary targeting.

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Definitions:

Pang De

A historical figure from the Three Kingdoms period of China, renowned for his bravery and loyalty as a military general.

Miniaturizes Landscape

The artistic practice of creating a small-scale representation of a landscape in a highly detailed manner, often found in painting, sculpture, and garden design.

Ming Dynasty Painter

An artist active during the Ming Dynasty in China, a period known for its cultural achievements including a rich tradition of painting featuring landscapes, portraits, and flower/bird motifs.

Wen Shu

A bodhisattva associated with wisdom in Mahāyāna Buddhism, often depicted holding a scroll or book.