An exchange settlement account (ESA) is

Which of the following statements is NOT correct? An exchange settlement account (ESA) is: Select one: O a. the account used by the Commonwealth government for its spending and its income. O b. an account whose balance represents bank reserves. O c. an account held by deposit-taking institutions at the Reserve Bank of Australia (RBA). O d. used to transfer funds to and from in order to settle transactions in the payments system