ACBUS104A Economic Conditions of Australia - Financial System in Australia - Finance Assessment Answer

Assessment Task:

ACBUS104A Economic Conditions of Australia Finance Assessment Answer

Task: 

To research the current and prospective economic conditions of Australia and use relevant financial maths and research techniques to identify and/or calculate various financial product outcomes. 

To understand the economic conditions of Australia, research the central bank website, websites of major financial institutions, Bloomberg and Reuters websites, and products offered by the financial institutions. 

Part A  — Economic conditions of Australia

1. Write several paragraphs considering the information presented by the central bank of Australia, including inforrnation about the following economic indicators — GDP, inflation, employment data, a. housing loan approvals.

2. Using the inforrnation from 1. , write a paragraph outlining at what stage of the business cycle you think Australia is in and explain 3 reasons supporting your view.

3. Include in your response for 2. a graph of the current yield curve, which you construct yourself in MS Excel, using the spreadsheet in the Moodie and data from Reuters or Bloomberg and irnport into Word. You should interpret your yield curve in assisting you determine what stage of the business cycle Australia is in. 

Part B — Overview of the Financial System in Australia 

Provide an overview of the financial systern in Australia and include the following information: 
• Currency used as a medium of exchange, how it is typically valued (ie. what generally causes it to appreciate or depreciate), the current value in AUD/USD, and credit rating of Australia.

• Amount of government debt expressed in AUD and USD and as a percentage of the country's GDP, whether this has been increasing or decreasing and why

• Name of the stock exchange (s), what products are traded on the exchange and how nany stocks are listed on this exchange.

• Name of the derivatives exchange (s) (if there is one) and what products are traded on this exchange.

• List the regulators of the financial system and their responsibilities.

• Provide examples of various types of financial institutions, and construct a diagram of how the flow of funds between surplus and deficit units is applied in Australia between these institutions 

Part C — Product Calculations & Exeirnples

For each of the following scenarios, recommend a product which best suits the clients' needs and provide calculations where required. Examples of these can be found in the text. 

1. A small business has decided to renovate and needs to borrow 590,000 to proceed with the renovations.

a. Name/explain a product the business might use to borrow the funds.

b. Provide a calculation of how the business owner can repay the loan. Include in your response: assumptions of the arnount of rnoney borrowed, length of the loan and the interest rate and the calculation/formula/function used.

2. A bank needs to borrow $9,500,000 for a period of 48 hours to cover a short-term funding requirement. Assume an interest rate and just calculate the amount of interest that the bank would need to pay on a simple interest basis. Show your calculations. 

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