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Time left 0:13 Assume that the currency-deposit ratio is 0.5 and the reserve-deposit ratio is 0.2. Bank of Canada carries out open-market operations, purchasing $1,000,000 worth of bonds from banks. This action will increase the money supply by a $2,142,857 b. $1,428,571 c. $1.714,285 d. $2,400,000 Next page 3390 A - Monetary Theory and Policy Canad Time left 0:1 Assume that the reserve-deposit ratio is 0.2. Bank of Canada carries out open-market operations, purchasing $1,000,000 worth of bonds from banks. This action increased the money supply by $2,600,000. What is the currency-deposit ratio? a 0.3 b. 02 C 0.5 Od 0.4 Next page