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Which of the following is true about the Bank of Canada's asset purchases? Question 5 options: The Bank of Canada purchased a small amount of

Which of the following is true about the Bank of Canada's asset purchases?

Question 5 options:

The Bank of Canada purchased a small amount of assets during the Covid-19 pandemic to increase the money supply, but the total amount was far less than it purchased in response to the Great Recession.

The Bank of Canada has not used asset purchases to intervene in the money supply for several decades, including during the Covid-19 pandemic.

While commercial banks create some money when they extend new loans, the majority of money in the economy today is created by Bank of Canada asset purchases.

The Bank of Canada uses asset purchases to increase the money supply.

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