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The RBA also provides services to the Government of Australia and services to other central banks and official institutions. [4] The RBA currently comprises the Payments System Board, which sets the payment system policy of the bank, and the Reserve Bank Board, which sets all other monetary and banking policies of the bank. [5]
The dual mandate is a common phenomenon in Greek politics. Some Members of Parliament , by tradition, become members of the government, and appointing technocrats to ministerial offices is unusual. As a result, the executive branch, and particularly the Prime Minister , has direct control of the legislative one.
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.
The dual mandate refers to the U. S. Federal Reserve System's two main objectives: controlling inflation and promoting employment. Dual mandate may also refer to: The Dual Mandate in British Tropical Africa, 1922 book by Frederick Lugard; Dual mandate (politics), serving in multiple public positions simultaneously.
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Michele Bullock (born 1962/1963) is an Australian economist who is currently governor of the Reserve Bank of Australia (RBA). She commenced as governor on 18 September 2023, and is the first woman to hold the role. [1]
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The Check 21 Act took effect one year later on October 28, 2004. The law allows the recipient of a paper check to create a digital version of the original, a process known as check truncation, into an electronic format called a "substitute check", thereby eliminating the need for further handling of the physical document. The recipient bank no ...