Question: a . What are the primary functions that the Reserve Bank of Australia performs in the Australian financial system? ( 3 marks ) b .

a. What are the primary functions that the Reserve Bank of Australia performs in the Australian financial system? (3 marks)
b. When the economy is in downturn, how does a central bank stimulate the economy using monetary policies? (3 marks)
c. What are the advantages and disadvantages a loan commitment to the borrower and lender, respectively? (4 marks)

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