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Question 1 (a) Discuss how investment banks operate, how they function in our financial system, and how they earn money and the importance of investment

Question 1

(a) Discuss how investment banks operate, how they function in our financial system, and how they earn money and the importance of investment banks reputation to its survival.

(b) Explain how Reserve Bank of Australia (RBA) retain control of interest rates. Explain which of the methods are more suitable in the current COVID-19 capital market.

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