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Answer to Question #80749 in Macroeconomics for Georgia Brown
Question #80749
Describe the. Various key roles of the reserve bank of Australia as specified on the website
Expert's answer
Web-site of the Reserve Bank of Australia says:
“The Reserve Bank of Australia's (RBA) main responsibility is monetary policy. Other major roles are maintaining financial system stability and promoting the safety and efficiency of the payments system”.
This means that bank works towards safeguarding national financial systems from major global and local economic disruptions, creates and maintains infrastructure for functioning banking system.
“The Reserve Bank of Australia's (RBA) main responsibility is monetary policy. Other major roles are maintaining financial system stability and promoting the safety and efficiency of the payments system”.
This means that bank works towards safeguarding national financial systems from major global and local economic disruptions, creates and maintains infrastructure for functioning banking system.
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