If a bank's deposits at the Bank of Canada increase by $10 million,then
A) both the bank's assets and the Bank of Canada's assets increase by $10 million.
B) both the bank's liabilities and the Bank of Canada's liabilities increase by $10 million.
C) the bank's assets increase by $10 million and the Bank of Canada's liabilities increase by $10 million.
D) the bank's assets increase by $10 million,but there is no change at the Bank of Canada since it doesn't really have assets or liabilities.
Correct Answer:
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