The Bank of Canada purchases $7 million in government bonds from Bondholder X, who has a deposit at Frontenac Bank. a. As a result of this transaction the balance sheets of both the Bank of Canada and Frontenac Bank will change. The Bank of Canada's holdings of government bonds (Click to select) fall rise by $7 million on the (Click to select) assets liabilities side of the Bank of Canada's balance sheet. Meanwhile Frontenac Bank's deposit at the Bank of Canada (Click to select) falls rises by $7 million on the (Click to select) assets liabilities side of Frontenac Bank's balance sheet. Frontenac Bank's deposit at the Bank of Canada (Click to select) falls rises by $7 million on the (Click to select) assets liabilities side of Frontenac Bank's balance sheet. Bondholder X's deposit (Click to select) falls rises by $7 million on the (Click to select) assets liabilities side of Frontenac Bank's balance sheet. b. If the reserve ratio is 5%, Frontenac Bank's excess reserves (Click to select) decrease increase by $ . c. The final maximum effect on the money supply is a(n) (Click to select) decrease increase of $ million.