Either1) Define monetary policym and discuss the opeation of monetary policy in United States post GFC.OR2) 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 wordsexcluding bibliography but inclusive of any in-text reference with a 10%tolerance anything over this will not be marked. Due to turnitin check plagiarism must be less than 10%.there must be a sub header before start of paragraph.Referencing: Reference sources must be cited* Allow a 5cm margin on the right hand side of page for comments at least 12 pt font to be used.
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