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Suppose the Bank of Canada advances a $10,000,000 loan to Bank 1 , and Bank 1 and all other banks have no excess reserves prior

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Suppose the Bank of Canada advances a $10,000,000 loan to Bank 1 , and Bank 1 and all other banks have no excess reserves prior to this loan a. What fype of policy is this? A. Expansionary fiscal policy B. Contractionary fiscal policy C. Contractionary monetary policy D. Expansionary monetary policy E. None of the above b. What asset of the Bank of Canada changes? (Enter your response as a whicte number Do not include the $ symbor in your answern) by 1 c. What lability of the Bank of Canada changes? (Enter your response as a whobe number Do not inchude the $ symbol in yotr ansiver) d. What asset of Bank 1 changos? (Enter your response as a whole number Do not inciuce the 5 symbot in your answer) by 5 e. What liability of Bank 1 changes? (Enter your response as a whole number Do not include the 35y mool in your answer) f. If the desired reserve ratio for Hank 1 and at other banks is 2 percent, then the moximuir now laan Bank 1 can give is: answor) 9. What asset and hability of Bank 1 will change because of this new loan? (Entor your responses as whote munters. Do not include the 5 symbal in your ansuers)

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