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Which of the following statements is NOT correct? Currently the RBA _________________. A. conducts a program of large purchase of government bonds in the secondary

Which of the following statements is NOT correct?

Currently the RBA _________________.

A.

conducts a program of large purchase of government bonds in the secondary market

B.

hits the current cash rate target

C.

does not control closely the supply of ESF

D.

intends to stimulate the economy

E.

does not pay interest on reserves held by banks

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