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21. What is the cash rate? A. The percentage change in the volume of loans that take place overnight. B. The interest rate that the Reserve Bank of Australia pays when it buys securities from credit unions. C. The interest rate on interbank loans that members of the Real-Time Gross Settlement (RTGS) system pay to each other

What is the Cash Rate?

The cash rate is the rate of interest charged on overnight loans between financial intermediaries. It is the rate the Reserve Bank of Australia (RBA) charges on overnight loans which are made by the RBA to other financial institutions. It is the rate used by the central bank of Australia to implement monetary policy and control inflation.

How is the Cash Rate determined?

The cash rate is determined by the RBA on the basis of economic conditions in Australia. The RBA’s Board meets monthly to consider economic data such as consumer price index, employment figures, and the latest financial market trends. The board then sets the cash rate accordingly.

What is the purpose of the Cash Rate?

The cash rate is used by the RBA to implement its monetary policy. The rate is used to influence the borrowing costs of financial institutions, which in turn affects the cost of borrowing for businesses and households. The RBA uses the cash rate to raise or lower the cost of borrowing to stimulate or slow down the economy.

How does the Cash Rate affect the economy?

When the cash rate is increased, the cost of borrowing increases, which slows the economy by reducing the amount of money in circulation. Conversely, when the cash rate is lowered, the cost of borrowing decreases, increasing the amount of money in circulation and stimulating economic activity.

Related Questions

What is the current cash rate?
How often is the cash rate adjusted?
Who sets the cash rate?
What economic data is used to set the cash rate?
What is the difference between the cash rate and the official cash rate?
How does the cash rate affect the value of the Australian dollar?
How does the cash rate affect interest rates?
How does the cash rate affect borrowing costs?
What other monetary policies does the RBA use to influence the economy?
How does the cash rate affect businesses and households?

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Each of 1,000 identical firms in the competitive peanut butter industry has a short-run marginal cost curve given by SMC = 4 + Q. If the demand curve for this industry is P=10–2Q1000 , what will be the short-run loss in producer and consumer surplus if an outbreak of aflatoxin suddenly makes it impossible to produce any peanut butter? (Round your answers to the nearest whole number.) Producer Surplus: Numeric Response 1.Edit Unavailable. not attempted, incorrect. Consumer surplus: Numeric Response 2.Edit Unavailable. not attempted, incorrect. Explanation

Each of 1,000 identical firms in the competitive peanut butter industry has a short-run marginal cost curve given by SMC = 4 + Q. If the demand curve for this industry is P=10–2Q1000 , what will be the short-run loss in producer and consumer surplus if an outbreak of aflatoxin suddenly makes it impossible to produce any peanut butter? (Round your answers to the nearest whole number.) Producer Surplus: Numeric Response 1.Edit Unavailable. not attempted, incorrect. Consumer surplus: Numeric Response 2.Edit Unavailable. not attempted, incorrect. Explanation SR supply = ΣMCi MCi = 4 + Qi Qi = MCi − 4 = P − 4 ΣQi = Q = 1,000 − 4,000 Which means that industry supply is given by P = 4 + Q/1,000. SR equilibrium Q: 4 + Q/1,000 = 10 − 2Q/1,000 3Q/1,000 = 6, Q = 2,000, P = 6. Consumer surplus = area of upper triangle = (10 − 6) × 2,000/2 = 4,000 Producer surplus = area of lower triangle = (6 − 4) × 2,000/2 = 2,000 Total loss in surplus = 6,000

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