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1) Define monetary policym and discuss the opeation of monetary policy in United States post - GFC.
OR
2) Given the rise of China relative to the United States post-GFC, to what extent do you think that the yuan should replace the US dollar as the dominant currency in the global financial system?
Criteria:
Word count: 2500 words excluding bibliography but inclusive of any in-text reference with a 10% tolerance, anything over this will not be marked.
Referencing: At least 6 reference sources should be noted.
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