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.
Correct Answer:
Verified
Correct Answer:
Verified
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