Which of the Following Correctly Describes What the Reserve Bank

question 66

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 in the early 1990s.
• D) After 1996, the RBA focused on monetary targeting.

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Definitions:

Wave Cycles

A theory or model suggesting that financial markets follow predictable, wave-like patterns of growth and decline over time.

Technical Analysis

The study of past market data, including price and volume, to forecast future market behavior.

Trends

The general direction in which something is developing or changing, often used in the context of financial markets to describe price movements.

Patterns

In finance, patterns refer to recognizable formations on the charts of financial instruments that traders use to predict future movements.