Each Bank Maintains

question 16

Multiple Choice

Each bank maintains:

• A) good communication with the RBA.
• B) strong control over the RBA's decisions.
• C) an exchange settlement account with the RBA.
• D) an exchange lending account with the RBA.

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Definitions:

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Scientific Method

A systematic methodology for investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge based on empirical or measurable evidence subject to specific principles of reasoning.

Statistics

The science of collecting, analyzing, interpreting, and presenting empirical data to make informed decisions and predict outcomes.

Numerical Data

Data that consists of numbers, and can be quantified to perform mathematical calculations and statistical analysis.