Bring out the salient features of the monetary approach to exchange rate determination. 

The monetary approach to exchange rate determination is a theory that explains the exchange rate in terms of the monetary variables in an economy, particularly the money supply and the demand for money. The key features of the monetary approach to exchange rate determination are as follows:

1. Money supply and demand: According to the monetary approach, the exchange rate is determined by the relative supply and demand for money in different countries. The supply of money is controlled by the central ______ ___ ____ ___ ______ ___.
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