30. Which of the following are correct in terms of the events chain:

DB PB i?

a. The events chain applies to the financial market.

b. The events chain illustrates expansionary monetary policy.

c. The events chain illustrates expansionary open market operations.

d. The events chain shows what happens if the central bank buys treasury bills.

1. Only a, b and c

2. Only a, b and d

3. Only b, c and d

4. Only a, c and d

5. a, b, c and d