1) What are the RBA’s main responsibilities?
• Maintains the stability of Australian currency.
• Helps in the economic prosperity and welfare of the people of the country.
• Helps in maintenance of full employment in the country
• Controls the inflation through monetary policy i.e. maintaining annual inflation rate between At between 2-3%.
• It also gives an authorization of banking and registry services to agencies of the Government, other central banks and other official institutions.
• It is responsible for the monetary and banking policies of the bank.
• It also manages Australia’s gold and foreign exchange reserves.
2) Describe the place of ethical principles, behaviors and cods in the financial services …show more content…
Communication can be
Direct or indirect. Direct communication involves face to face conversation in which receivers
Receives information. Indirect includes telephone conversation, pamphlets, written consents
And so on. Therefore, the way an information is presented or communicated helps to ensure
That our goal or an objective is achieved.
4) Why is it helpful to have an internal locus of control?
Internal locus of control believes in their own ability to control themselves and thinks the
Future in their own hands. Their belief in their ability to make change in situations or things
Make them more confident. Most of these people are more motivated and success oriented.
5) Why do you need to identify you current skills, both in the work place and personally?
It is important to recognize our skills in both work and personally. It help us to achieve our goal and also make us more confident in any situation as we are aware of our skills and
Potential. It also helps us to compete against our competitor. Further, it also helps an individual
To do self-appraisal and he/she knows about their own strength and weaknesses. Therefore, an
Individual works with full dedication and enjoys his
• Maintains the stability of Australian currency.
• Helps in the economic prosperity and welfare of the people of the country.
• Helps in maintenance of full employment in the country
• Controls the inflation through monetary policy i.e. maintaining annual inflation rate between At between 2-3%.
• It also gives an authorization of banking and registry services to agencies of the Government, other central banks and other official institutions.
• It is responsible for the monetary and banking policies of the bank.
• It also manages Australia’s gold and foreign exchange reserves.
2) Describe the place of ethical principles, behaviors and cods in the financial services …show more content…
Communication can be
Direct or indirect. Direct communication involves face to face conversation in which receivers
Receives information. Indirect includes telephone conversation, pamphlets, written consents
And so on. Therefore, the way an information is presented or communicated helps to ensure
That our goal or an objective is achieved.
4) Why is it helpful to have an internal locus of control?
Internal locus of control believes in their own ability to control themselves and thinks the
Future in their own hands. Their belief in their ability to make change in situations or things
Make them more confident. Most of these people are more motivated and success oriented.
5) Why do you need to identify you current skills, both in the work place and personally?
It is important to recognize our skills in both work and personally. It help us to achieve our goal and also make us more confident in any situation as we are aware of our skills and
Potential. It also helps us to compete against our competitor. Further, it also helps an individual
To do self-appraisal and he/she knows about their own strength and weaknesses. Therefore, an
Individual works with full dedication and enjoys his