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Which of the following statements is false? A. Fundamentally, Australian interest rates are determined solely by the Reserve Bank of Australia. B. The Reserve Bank
Which of the following statements is false?
A. Fundamentally, Australian interest rates are determined solely by the Reserve Bank of Australia.
B. The Reserve Bank of Australia determines very short-term interest rates through its influence on the target cash rate.
C.The interest rates that are quoted by banks and other financial institutions are nominal interest rates.
D.The interest rates that banks offer on investments or charge on loans depends on the horizon of the investment or loan.
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