a) Define monetary policy, and discuss the operation of monetary policy in Singapore over the last 10 years.

a)   Define monetary policy, and discuss the operation of monetary policy in Singapore over the last 10 years.

OR

b)     What have been the main roles performed by the International                                    Monetary Fund (IMF) and the European Central Bank (ECB) in                              resolving the financial crisis experienced by Greece in recent years?

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