14) Which of the following best describes the differences between Quantitative Easing in the United States and Quantitative Easing in Japan? a. Japan's first step was increasing the interest rates on reserves while the Fed implemented this much later b. Both banks began by purchasing treasury securities but Japan did so at evenly-timed predictable intervals (6 months, 9 months, etc. ) c. Japan's Quantitative Easing focused initially on buying bonds of long terms, not a variety of term lengths like the US policy. d. While implementing Quantitative Easing the Bank of Japan eliminated any other bond purchases from banks other than those with large balance sheets. The Fed purchased from a variety of sources