A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future." The area of responsibility that China's central bank is undertaking with the above decision is that of. (4 marks) a) Fiscal policy. b) Service to the government. c) Provision of economic and statisfical services. d) Maintaining financial stability. 1.15 The measure of money that will not be immediately affected by the above action by China's central bank is: (4 marks) a) M1 b) M2 c) M3 d) Quasi money 1.16 The policy instrument that China's central bank is making use of here is that of: (4 marks) a) Fiscal policy b) Open market policy. c) Public debt management. d) Intervention in foreign exchange markets