Question 1 3 pts New M1 money will be created as soon as: The Reserve Bank buys $10m worth of Government bonds from the NZ Superfund depositing the money into the Fund's bank, the Reserve Bank's assets increase by $10m (securities) and its liabilities also increase by $10m (bank reserves). You are given $1m loan to buy a house and your bank places the money into your transactions deposits account, the bank's assets increase by $1m (loans) and its accounts payable liabilities (on demand deposits) also increase by $1m. None of the answers. You deposit $100 cash into your transactions deposits account, your bank's assets will increase by $100 (cash) and its on demand deposits liabilities will also increase by $100. The Reserve Bank buys NZ $10m worth of foreign currencies from an export company depositing the money into the exporter's bank, the Reserve Bank's assets increase by $10m (foreign currency reserves) and its liabilities also increase by $10m (bank reserves)