RBA Role
What are the RBA’s main responsibilities?
Reserve bank of Australia (RBA) is the main body or organization to run an Australian Economy. It helps to make sustainability in a country. The main responsibilities of the RBA are explained below:
1. To improve or to stay constant Australian currency.
2. To avoid or tackle unemployment in a nation
3. To work for welfare of a nation.
4. RBA needs to be contact with government at all time to make or implements new policy in a country.
5. RBA is responsible for monetary policy in Australia like money stability, employment Status and so on
Describe the place of ethical principles, behaviors and cods in the financial services industry.
The financial services industry (FSC) is made up for superannuation, …show more content…
2) FSC members take risk under the law and codes of compliance practice.
Codes of conduct
1) FSC members must maintain interest of their customers. They must not deprive from their laws and duties to help customer.
2) FSC members must provide clear and effective feedback at the end of conversation, so that they would use this to take an effective step in their business.
3) FSC member should be equitable with all other industry participants. They should not be discriminate with other contenders.
Why is the way that information is presented and communicated important?
Communication is important skill in every field in this earth. It is the way from which we express our thoughts or ideas to the others. Communication skills is more effective in business, especially when we dealing with customers or distributors to endorse our product. If we have good communication skills than we explain such as financial bar chart, bill paying, payment roll and others things with proper and meaningful way to the customers. Otherwise, it is very difficult to complete our job …show more content…
It is surrounded by a number of business features that manage money in different fields such as credit unions, banks, credit-card companies, insurance companies and so on.
What is the political and economic climate and how do they affect the market?
Political and economic climate affect directly to the market. Adverse political and economic climate affect adversely to the market. First of all, political environment effect on business, if business is in more than one country and the relation between that countries should be effect on business to transfer things from one nation to other. On the other hand, economic climate has a lot impact on market because people purchase things from market if they have money in their accounts.
What is negotiation? What do successful negotiators do?
Negotiation is simple an agreement between two or more person or organization or even countries at particular issue or conflict. Negotiation is most productive weapon of peace. A person who helps to make agreement between different organizations is called negotiator. A successful negotiator has following
Reserve bank of Australia (RBA) is the main body or organization to run an Australian Economy. It helps to make sustainability in a country. The main responsibilities of the RBA are explained below:
1. To improve or to stay constant Australian currency.
2. To avoid or tackle unemployment in a nation
3. To work for welfare of a nation.
4. RBA needs to be contact with government at all time to make or implements new policy in a country.
5. RBA is responsible for monetary policy in Australia like money stability, employment Status and so on
Describe the place of ethical principles, behaviors and cods in the financial services industry.
The financial services industry (FSC) is made up for superannuation, …show more content…
2) FSC members take risk under the law and codes of compliance practice.
Codes of conduct
1) FSC members must maintain interest of their customers. They must not deprive from their laws and duties to help customer.
2) FSC members must provide clear and effective feedback at the end of conversation, so that they would use this to take an effective step in their business.
3) FSC member should be equitable with all other industry participants. They should not be discriminate with other contenders.
Why is the way that information is presented and communicated important?
Communication is important skill in every field in this earth. It is the way from which we express our thoughts or ideas to the others. Communication skills is more effective in business, especially when we dealing with customers or distributors to endorse our product. If we have good communication skills than we explain such as financial bar chart, bill paying, payment roll and others things with proper and meaningful way to the customers. Otherwise, it is very difficult to complete our job …show more content…
It is surrounded by a number of business features that manage money in different fields such as credit unions, banks, credit-card companies, insurance companies and so on.
What is the political and economic climate and how do they affect the market?
Political and economic climate affect directly to the market. Adverse political and economic climate affect adversely to the market. First of all, political environment effect on business, if business is in more than one country and the relation between that countries should be effect on business to transfer things from one nation to other. On the other hand, economic climate has a lot impact on market because people purchase things from market if they have money in their accounts.
What is negotiation? What do successful negotiators do?
Negotiation is simple an agreement between two or more person or organization or even countries at particular issue or conflict. Negotiation is most productive weapon of peace. A person who helps to make agreement between different organizations is called negotiator. A successful negotiator has following