People's Bank of China boosts liquidity with open market operationsThe People's Bank of China, China's central, conducted an open market operation that injected 270 billion yuan intoChina's banking system.Suppose People's Bank of China buys 20 billion yuan of government securities from ICBC.Show how the transaction changes the balance sheets by filling in the numbers.Source: www.chinadaily.com.cn and finance.yahoo.com, October 8, 2018.In the open market operation described in the news clip, explain whether the People's Bank of China buys or sellsPeople's Bank of Chinasecurities.AssetsLiabilities(billions of yuan)(billions of yuan)The People's Bank of Chinasecurities becauseSecuritiesReserves of ICBCA. buys; money is being injected into the banking systemICBCO B. sells; interest rates are fallingAssetsLiabilitiesC. buys; an open market operation by definition is a purchase of securities(billions of yuan)(billions of yuan)SecuritiesO D. sells; money is being injected into the banking systemReserves>>> If the change is negative, include a minus sgn. If the change is positive, do not include a plus sigClick to select your answer(s).MacBookDIIDDF11F10F9D00000F880F6F7F5F4F3escF1F2&@23782341YWERQPT%24

As per economy of banking system if central bank wants to inject money in the banking system then…

People's Bank of China boosts liquidity with open market operations The People's Bank of China, China's central, conducted an open market operation that injected 270 billion yuan into China's banking system. Source: www.chinadaily.com.cn and finance.yahoo.com, October 8, 2018. In the open market operation described in the news clip, explain whether the People's Bank of China buys or sells securities. The People's Bank of China securities because O A. buys; money is being injected into the banking system B. sells; interest rates are falling C. buys; an open market operation by definition is a purchase of securities D. sells; money is being injected into the banking system

People's Bank of China boosts liquidity with open market operations The People's Bank of China, China's central, conducted an open market operation that injected 270 billion yuan into China's banking system. Source: www.chinadaily.com.cn and finance.yahoo.com, October 8, 2018. In the open market operation described in the news clip, explain whether the People's Bank of China buys or sells securities. The People's Bank of China securities because O A. buys; money is being injected into the banking system B. sells; interest rates are falling C. buys; an open market operation by definition is a purchase of securities D. sells; money is being injected into the banking system

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 35FF

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Answer in step by step with explanation. Don't use Ai and chatgpt
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Suppose that a commercial bank’s current quote for transactions involving the United Statesdollar is A$1.3214 – A$1.3298.(a) State the ask and bid prices for the bank. (b) Calculate the bid/ask spread for the bank.
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