Briefly discuss what actions the Bank of Canada would probably take in pursuing an expansionary monetary policy

Question:

Briefly discuss what actions the Bank of Canada would probably take in pursuing an expansionary monetary policy using each of the following three monetary tools:
a. Reserve requirements
b. Open market operations
c. Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...