Assignment Questions Would you prefer independent or dependent central bank? Wh

Assignment Questions
Would you prefer independent or dependent central bank? Why? (3 points)
What is the role of the central bank on the financial system? What policies they implement, how would be implemented and their effects on the financial system. When the central bank should implement those policies? (4 points)
Contractionary monetary policies in Saudi Arabia last for more than one year and expected to last further (but with slower increase in interest rate); how should financial institution react to this? (3 points).