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When the Bank of Canada buys securities from BMO, a sequence of events begins. 1.What immediately happens to the reserves that BMO has with the

When the Bank of Canada buys securities from BMO, a sequence of events begins.

1.What immediately happens to the reserves that BMO has with the Bank of Canada?

2.What does BMO do with these reserves?

3. What 2 segments of the economy benefits from these reserves?

4.Give 2 examples of these financial benefits, to #3 above.

5.How does this affect the Quantity of Money?

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