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Suppose the Bank of Canada advances a $4,000,000 loan to Bank 1, and Bank 1 and all other banks have no excess reserves prior to

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Suppose the Bank of Canada advances a $4,000,000 loan to Bank 1, and Bank 1 and all other banks have no excess reserves prior to this loan. a. What type of policy is this? O A. Expansionary monetary policy O B. Expansionary fiscal policy O C. Contractionary fiscal policy O D. Contractionary monetary policy O E. None of the above b. What asset of the Bank of Canada changes? (Enter your response as a whole number. Do not include the $ symbol in your answer.) by $ c. What liability of the Bank of Canada changes? (Enter your response as a whole number. Do not include the $ symbol in your answer.) by s d. What asset of Bank 1 changes? (Enter your response as a whole number. Do not include the $ symbol in your answer.) by $ e. What liability of Bank 1 changes? (Enter your response as a whole number. Do not include the $ symbol in your answer.) by $ f. If the desired reserve ratio for Bank 1 and all other banks is 20 percent, then the maximum new loan Bank 1 can give is $ .(Enter your response as a whole number. Do not include the $ symbol in your answer.) g. What asset and liability of Bank 1 will change because of this new loan? (Enter your responses as whole numbers. Do not include the $ symbol in your answers.) The asset that will change is , which will by $ .The liability that will change is which will by

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