uestion 16

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Marked out of 1.00

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Linking the RBA op

'Smoothing' occurs when the RBA is trying to:

Select one:

a. smooth the market.

b. reduce excessive fluctuations in the $A.

c. see whether movement in the value of the currency is real or speculative.

d. do none of the above.

e. maintain the $A at its agreed fixed rate.