Question 5 2 points The cash rate is the interest rate that financial institutions charge on loans or pay to borrow fund

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Question 5 2 Points The Cash Rate Is The Interest Rate That Financial Institutions Charge On Loans Or Pay To Borrow Fund 1 (15.15 KiB) Viewed 14 times

Question 5 2 points The cash rate is the interest rate that financial institutions charge on loans or pay to borrow funds in the overnight money market. The cash rate is not important for the RBA monetary policy since households and firms are not directly affected by any adjustment of this rate. O very important for the RBA's monetary policy because individual borrowers pay this interest rate for mortgage loans. O very important for the RBA's monetary policy because the RBA uses the cash rate as a monetary policy target since it can control the rate through open market operations. O very important for the RBA's monetary policy because it is administratively set by the retail banks.