question archive The cash rate is the interest rate that banks charge one another for short-term (typically overnight) loans
The cash rate is the interest rate that banks charge one another for short-term (typically overnight) loans
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The cash rate is the interest rate that banks charge one another for short-term (typically overnight) loans. When the Reserve Bank of Australia (RBA) uses open-market operations to sell bonds, the quantity of reserves in the banking system _____, banks' demand for borrowed reserves _____, and the cash rate _____.
A. increases, declines, decreases.
B. decreases, rises, increases.
C. increases, declines, increases.
D. decreases, declines, decreases.
E. increases, rises, increases.
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