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Macroeconomic objectives and theory — Question 3

QCAA 2023, Paper 1 · 1 mark

Q3 · 2023 · External assessmentUnclassified1 mark

QUESTION 3

A movement in the cash rate from 3% to 4.5% is equal to

(A) 0.15 percentage points.

(B) 150 basis points.

(C) 150 per cent.

(D) 15 per cent.

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