Which of the following is (are) correct statement(s) To increase reserves in the banking system on temporary basis, the Bank of Canada engages in a repurchase agreement (Repos or SPRAs) The upper...

To increase reserves in the banking system on temporary basis, the Bank of Canada engages in a repurchase agreement (Repos or SPRAs)

The upper limit of the operating band is called Bank rate

The Bank of Canada uses SPRAs to lower the overnight rate and SRAs to raise the overnight rate.

all of the above

Only a and b above

are open market operations

Shifting of government deposits to Chartered banks

Changing the reserve requirements

all of the above

Only a and c above

government securities and discount loans

currency in circulation and reserves of the chartered banks

government securities and reserves

currency in circulation and discount loans