A couple of questions (1 Viewer)

[Mboleoo]

1. What is the difference between cash rate and interest rate? Or are they the same?
2. How much is the current account deficit now?

 

[Shuter]

1. For the purposes of this test they're the same.
2. About -300 billion I thought (net foreign debt)

 

[SpaceMonkey]

1. The interest rate on borrowing from the cash market is called the cash rate.
2. $47.7bn (?)

 

[Mboleoo]

$47.7bn?? ABS stated that the CAD is 12 m$

Here is the link:
http://www.abs.gov.au/websitedbs/d3310114.nsf/51c9a3d36edfd0dfca256acb00118404/58ba6eb7feb12df74a2564a50083481d!OpenDocument

lol, got pretty confused here....

 

[Shuter]

ABs says the CAD is -12 billion for the quarter, or around -48 billion for the year then.

 

[Mboleoo]

I see...thanks a lot!