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State whether the following activities will affect the balance sheet (i.e., assets or liabilities) of the Bank of Canada (not chartered/commercial banks). In cases
State whether the following activities will affect the balance sheet (i.e., assets or liabilities) of the Bank of Canada (not chartered/commercial banks). In cases where it will affect the balance sheet of the Bank of Canada show how it will affect (i.e., explain if you answered Yes). (a) You deposit $400 into your chequing account at the local bank (Yes/No) (b) The Bank of Canada provides an emergency loan to a bank for $1 million (Yes/No) (c) A bank borrows $500 000 in overnight loans from another bank (Yes/No) (d) The Bank of Canada buys $1 million of bonds from the First National Bank (Yes/No) (e) The Bank of Canada buys $100 million of bonds from the public (Yes/No) Explain the meanings of the following concepts which are widely used in the money supply literature. (i) (ii) Quantitative easing Credit easing
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