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The Reserve Bank of Australia (RBA) Took a Number of Temporary

Question 51

Multiple Choice

The Reserve Bank of Australia (RBA) took a number of temporary actions during the global financial crisis to provide liquidity and avert financial system disturbance. Which of the following were not actions supplied by the RBA?


A) Extension of collateral eligible for open market operations.
B) Longer term repos offered daily that provided funding for 6-month and 1-year terms.
C) Residential mortgage-backed securities and asset-backed commercial paper.
D) A foreign exchange swap facility to address the global shortage of euro in financial markets.

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