Which of the following statements is not correct?

Multiple Choice

• A)The supply of money decreases when the Bank of Canada buys government securities from households or businesses.
• B)Chartered banks increase the supply of money when they purchase government bonds from households or businesses.
• C)Excess reserves are the amount by which actual reserves exceed desired reserves.
• D)Chartered bank reserves are an asset to chartered banks but a liability to the Bank of Canada.