NZFMA Dealer Accreditation Practice Questions - NZFMA Financial Markets Dealer Accreditation Exam

What is the Official Cash Rate (OCR) set by the Reserve Bank of New Zealand?

The interest rate at which the RBNZ pays and charges commercial banks for overnight funds in their settlement accounts The maximum rate that commercial banks are legally allowed to charge for credit card debt in New Zealand The average rate at which New Zealand commercial banks lend to retail home mortgage customers The interest rate paid on short-term New Zealand Treasury bills at auction

Correct Answer:

The interest rate at which the RBNZ pays and charges commercial banks for overnight funds in their settlement accounts

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