Question 2 Which of the following accurately describes the difference between how open market operations are used in a banking system with limited reserves compared to a banking system with ample reserve A In a banking system with limited reserves, open market operations are used to maintain sufficient reserves, whereas in a banking system with ample reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply B In a banking system with limited reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply, whereas in a banking system with ample reserves, open market operations are used to maintain sufficient reserves. C In a banking system with limited reserves, open market operations are used to directly adjust the nominal interest rate, whereas in a banking system with ample reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply. D In a banking system with limited reserves, open market operations are used to indirectly influence the nominal interest rate by changing the money supply, whereas in a banking system with ample reserves, open market operations are used to directly adjust the nominal interest rate. E In a banking system with limited reserves, open market operations are a non-operational monetary policy tool, whereas in a banking system with ample reserves, open market operations are an operational monetary policy tool