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RBA Payments System Board Annual Report 2003

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The Reserve Bank of Australia Payments System Board has published its Annual Report for 2003. The Board has used two main techniques to assess the efficiency of the Australian payments system, the Annual Report says. The first has been to look at the price signals facing users of payment services. In practice, it is very difficult to create formal measures of the efficiency of the payments system. The second approach has been to compare features of the Australian payments system with overseas

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