Details

Assessment details

Objectives

This assessment item relates to the course learning outcomes 1-5, as stated in learning outcomes.

This assessment is designed for you to develop knowledge and skills on contemporary issues of the Australian and Global Financial Systems. The assessment item is designed for you to develop knowledge and skills on issues related to the Australian and Global Financial Systems.

 Critically analyze the following research question:

“Banks do not adjust their lending rates immediately when the Reserve Bank reduces the interest rate. This action suggests that commercial banks are attempting to increase their profits.” Critically analyze the statement, commenting on the Australian banks current position on interest rates. Include a discussion on the recent Murray inquiry (2014) into the financial system.The size of this assignment should be a maximum of 2500 words