QUESTION 17 The main advantage of having discretion rather than fixed rules in conducting monetary policy is that: O a. It is transparent and predictable Ob. Removes the active role of the policymaker O & Less able to deal with major financial shocks d. None of the above QUESTION 18 Central bank independence is found to be more effective than government control because O a. It offer discretion in monetary policy making b. It has better record in term of controlling inflation Ols It means that policy cannot be unduly influenced by politicians O d. All of the above