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1.Explain the meaning of money and the function of money. 2. What is the monetary aggregate? 3. What is the function of the central bank?

1.Explain the meaning of money and the function of money.

2. What is the monetary aggregate?

3. What is the function of the central bank?

4. How the central bank controls the money supply?

5. Explain the effect of an increase in the money supply on the interest rate.

6. Explain the effect of an increase in the nominal income on the interest rate.

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