What is the maximum amount by which the following policies will change the money supply?Enter your responses below rounded to a whole number. Do not include minus signs in your answers.

a. If $550 million of bonds are bought by the Bank of Canada when the reserve ratio is 5% then the maximum change is a(n)(Click to select)

decrease

increase

of $billion.

b. If $60 million of bonds are sold by the Bank of Canada when the reserve ratio is 10% then the maximum change is a(n)(Click to select)

decrease

increase

of $million.