Question 1 Economic impacts on strategy (18 marks | Word limit. 600 words] LOJ: Explore the role of intermediaries in financial markets LOZ: Explain the impact of current issues and key economic and financial indicators on the Australian and Elocal financial markets- In November 2020, the Revenue Bank of Australia [RBA) announced a package of monetary measure to Supportjob creation and the recovery of the Australian economy from the pandemic". The key elements of the proareas 3 reduction in the cash race target to 0-1 per curt a reduction in the target for the vield on the 3-year Australian Government bond to around 0 4 per cent * a reduction in the interest note on new drawings under the Term Funding Facility to 0-4 per cent * 3 reduction in the interest rate on Bichange Seclement balances to Bed the purchase of $100 bilion of government bonds of maturities of around 9 to 10years over the next A full transcript of the RBA statement can be found atso wwwbe postw/media-elever 2020/mr20 a] Discuss how there measures might impact dill and Marcus's goals and objectives. [@ marko)] "In the control scenario, GOP growth is expected to beground o par cunt over the year to June 2021 and 4 per cent in 202- The unanp byment note is expected to remainhigh, but to park of little below : per cent. other than the 50 per cent expected previously At the end of 2012 the unemployment rate is forecast to be around 6 per cent. For each of theregulatory bodies listed below: * Briefly discuss its role and function, and Explain what role. if any, the regulatory body has to play in maintaining or increasing GOF prowith, and keeping the unemployment rate below 106:, is outlined in the RBA's quote :bore All regulatory bodies must be considered inYouranswer. AGC 2 manal AFRA |2 mark ACDC 1markal AUSTRAC 2 marcel