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The actual interest rate in the overnight money market is lower than the RBA's target cash rate. Explain how an open market sale of commonwealth

The actual interest rate in the overnight money market is lower than the RBA's target cash rate. Explain how an open market sale of commonwealth government securities (CGS) would affect funds in the Exchange Settlement Accounts (ESA) and cause the actual rate to equal the RBA's target rate.

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University Physics with Modern Physics

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