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Which is ultimate, ?nal form of settlement for transaction

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1. Should something that has such a large impact on the economy as monetary policy be handed over to a central bank rather than decided by elected politicians?

2. Central banks control short-term interest rates because they control the supply of base money, which is the ultimate, ?nal form of settlement for transactions. Are central banks abusing this power by using it to determine interest rates?

Reference no: EM13887982

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