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(a) Briefly explain the TWO types of monetary policy (b) On 31 December 2020, Peter deposited $11,000 in a bank with interest rate of 10%

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(a) Briefly explain the TWO types of monetary policy (b) On 31 December 2020, Peter deposited $11,000 in a bank with interest rate of 10% in 4 years. How much of his total interest and final balance would be in his account after 4 years

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