Suppose the reserve ratio is 20 percent and banks do not hold excess reserves. Under these circumstances, suppose the Bank of Canada sells $40 million of bonds to the public. Which of the following best describes the effects of this openmarket operation? Select one: Q Bank reserves decrease by $40 million, and the money supply eventually decreases by $200 million O Bank reserves decrease by $40 million, and the money supply eventually decreases by $800 million O Bank reserves increase by $40 million, and the money supply eventually increases by $800 million O Bank reserves increase by $40 million, and the money supply eventually increases by $200 million