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One 7 Not yet and out of 100 un Required: What are the primary functions that the Reserve Bank of Australia performs in the Austration financial system? (2 marks) b. When the economy is in downturn how does a central bank stimulate the economy using monetary policies? (3 marks c. Discuss the regulatory evolution on Australian financial sectors in 1970% to 1990s and the current financial regulatory framework (bodies in Australia, (S marks)