Bafn205

• Internal Code :
• Subject Code : BAFN205
• University :
• Subject Name: Accounting and Finance

Financial Instruments and Institutions - Task 1 The cash market is defined as the process of lending and borrowing funds between banks overnight. The price in these markets is classified as the interest rate on the loans they processed. The interest rate is normally represented as cash rate in Australia. Since the Reserve Bank normally sets the target for the cash rate and this term is often called as the influential factor of monetary policy.…