The functions of the Reserve Bank of Australia include i.banker to banks and government.
Ii)lender of last resort.
Iii)issuer of bank notes.
A)ii and iii
B)i and ii
C)i only
D)iii only
E)i,ii and iii

Question

Quizplus · Accepted Answer

The Reserve Bank of Australia has three main functions, which are stated in the options listed. Therefore, the best choice is E, i.e., i, ii and iii, as it includes all three functions of the Reserve Bank of Australia, namely banker to banks and government, lender of last resort, and issuer of banknotes.

The Functions of the Reserve Bank of Australia Include I