Which of the following is NOT a responsibility of the Foreign Investment Review Board (FIRB) in Australia?

The selection of the answer related to setting monetary policy is based on a clear delineation of responsibilities regarding the Foreign Investment Review Board (FIRB) in Australia. The FIRB's primary role is to review foreign investment proposals to ensure they align with the national interest, assess the implications of foreign ownership on Australian businesses, and ensure that these investments comply with existing Australian laws.

Setting monetary policy, however, falls under the purview of the Reserve Bank of Australia (RBA), which is the nation's central bank. The RBA focuses on monetary policy, including interest rates and inflation control, which are critical for managing the economy. Consequently, the FIRB does not engage in activities related to monetary policy, reinforcing that this is not one of its responsibilities. The clear distinction between the roles of the FIRB and the RBA helps clarify the correct answer regarding FIRB's functions.