Which of the Following Statements About the RBA's Monetary Policy

Multiple Choice

Which of the following statements about the RBA's monetary policy is correct?

A) The RBA must report each week to the Senate on the conduct of monetary policy.
B) Reserve requirements have been abandoned.
C) Over the past thirty years, the RBA has always stayed within its pre- announced target rates for growth in M3.
D) The rate at which the RBA lends money to banks is called the "federal funds rate".
E) The most common tool used by the RBA is a change in the required ratio of reserves to deposits.