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Consider the following transactions: (1) CBA makes a $50m interbank loan to ANZ. (2) ANZ repays $30m to the RBA as part of the completion
Consider the following transactions: (1) CBA makes a $50m interbank loan to ANZ. (2) ANZ repays $30m to the RBA as part of the completion of a repurchase agreement of government securities made in the past, with no interest. (3) NAB receives $0.5m in interest on its ESA from the RBA. (4) Westpac receives money at the redemption of $70m government bonds paid from the government's account at the RBA. (5) The RBA buys USD from the US Federal Reserve that, in total, are worth AUD 9m. (6) With its account at the central bank, the Australian government pays $1m social allowance to depositors of CBA. On a scrap paper, represent the changes in the balance sheet of the Reserve Bank of Australia (RBA). If several transactions affect the same item in the balance sheet, calculate the net change. Say you have +10 -2 for loans then you calculate +8. Consider the following transactions: (1) CBA makes a $50m interbank loan to ANZ. (2) ANZ repays $30m to the RBA as part of the completion of a repurchase agreement of government securities made in the past, with no interest. (3) NAB receives $0.5m in interest on its ESA from the RBA. (4) Westpac receives money at the redemption of $70m government bonds paid from the government's account at the RBA. (5) The RBA buys USD from the US Federal Reserve that, in total, are worth AUD 9m. (6) With its account at the central bank, the Australian government pays $1m social allowance to depositors of CBA. On a scrap paper, represent the changes in the balance sheet of the Reserve Bank of Australia (RBA). If several transactions affect the same item in the balance sheet, calculate the net change. Say you have +10 -2 for loans then you calculate +8
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