If the Bank of Canada buys $2 million of bonds from the First National Bank, what happens to reserves and the monetary base? First show the impact of this transaction on the T-account of the banking system. (Select the correct choice below, and fill in the answer boxes to complete your choice. Type integers or decimals. Enter a negative value to indicate a decrease, and enter a positive value to indicate an increase. Do not include plus signs in your responses.) OA. Assets $ Liabilities Securities $ Reserves m m B. Assets Liabilities Securities $ m Reserves m O c. Assets Liabilities Securities $ m Reserves $ m OD. Assets Liabilities m Securities Reserves m Show the impact of this transaction on the T-account of the Bank of Canada. (Select the correct choice below, and fill in the answer boxes to complete your choice. Type integers or decimals. Enter a negative value to indicate a decrease, and enter a positive value to indicate an increase. Do not include plus signs in your responses.) A. Assets Liabilities $ Reserves $ m Securities m B. Assets Liabilities Securities m Reserves m Oc. Assets Liabilities $ Securities m Reserves m OD Assets Liabilities Securities $ m Reserves m What happens to reserves in the banking system? (Select the correct choice below and, if necessary, fill in the answer box to complete your choice. Type an integer or a decimal as needed. Enter a positive value as needed. Do not include a plus sign in any response.) O A. Reserves increase by $ million. million. B. Reserves decrease by $ C. Reserves do not change. What happens to the monetary base? (Select the correct choice below and, if necessary, fill in the answer box to complete your choice. Type an integer or a decimal as needed. Enter a positive value as needed. Do not include a plus sign in any response.) O A. The monetary base increases by $ million. OB. The monetary base decreases by $ million O C. The monetary base does not change