A Which of the following statements is NOT correct? A. Banks are net creators of bank deposits when their transactions with the SSU are larger in value than their transactions with the DSU. The financial intermediary owns a financial instrument issued by a DSU. "Bank deposits of DSU increase during financial intermediation. Total bank deposits do not change during financial intermediation. O E. Bank deposits of SSU decrease during financial intermediation. B. B B. The Australian government issues bonds through a discriminatory variable rate auction. Which of the following statements is correct? O A. The winners are the bidders with a yield below or equal to the cut-off yield. All winners receive a yield equal to the cut off yield. Winners below the cut off yield may be rationed. The cut-off yield is the clearing market yield. OE. The bidders with a bid above the cut-off yield receives their full bid. OD C The cumulative aggregate demand (total demand) for Australian government bonds in a tender is given below: yield in % Cumulative aggregate demand (total demand) 1.45 200,000,000 1.50 250,000,000 1.55 350,000,000 1.60 375,000,000 1.65 400,000,000 The total amount of bonds that the government wishes to issue is 360,000,000. The cut-off yield to separate the winners from the losers in the auction is A. 1.6096 B. 1.50 OC. 1.45% 1.65% E. 1.55