Which of the following statements regarding RBA’s responsibilities is correct?

Question

BlackTom AI · Accepted Answer

The question asks which statement about RBA’s responsibilities is correct, and provides four options to evaluate.
Option a: Licensing and monitoring financial markets, the payment system and the stability of the financial system. While the RBA is involved in aspects of payment systems and financial stability, licensing and monitoring financial markets typically falls under a separate regulatory agency rather than the central bank’s core mandate. This makes option a partially inaccurate as stated.
Option b: The monetary policy, payment system, and licensing and monitoring of financial markets. This mixes central banking functions (monetary policy and payment systems) with regulatory activities (licensing and monitoring of financial markets) that are usually outside the RBA’s primary remit, rendering the claim inaccurate as a whole.
Option c: None of the above. Given that option d is presented as a correct statement in the list, selecting none would be inconsistent with the provided correct option, making this choice incorrect.
Option d: The monetary policy, payment system and stability of the financial system. This aligns with the core, well-established responsibilities of a central bank: setting monetary policy, overseeing the payments system to ensure smooth functioning, and safeguarding financial system stability. The phrasing matches the central banking role without overreaching into regulatory licensing tasks, which are typically shared with or assigned to other authorities. 
In sum, options a and b misstate the scope by either misallocating licensing/monitoring or by mixing regulatory powers with central banking duties; option c contradicts the presence of option d. Option d correctly captures the fundamental responsibilities typically attributed to the central bank, namely monetary policy, payments infrastructure, and financial system stability.

Which of the following statements regarding RBA’s responsibilities is correct?

查看解析

登录即可查看完整答案

类似问题

The Federal Reserve does all but which one of the following?

Which of the following statements regarding RBA’s responsibilities is correct?

Which of the following are important functions performed by central banks?

Which of these is not a function of the Reserve Bank of Australia?

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单