When thinking about the central bank instruments used on a daily basis to ensure that the policy rates are at the target, in Brazil BACEN uses _____ while in Mexico the equivalent instrument used by Banxico is called _______ . Mark the only CORRECT question. a. Reserve requirements; operaes compromissadas b. operaes compromissadas; operaciones de reporto c. operaciones de reporto; reserve requirements d. open market operations using BREMs; operaes compromissadas

Please indicate the only variable that WILL WORSEN the PUBLIC DEBT DYNAMICS (meaning increase the public debt to GDP ratio over time) a. Congress approved a large increase in social security benefits, which will INCREASE the PRIMARY FISCAL DEFICIT significantly over several years b. Structural economic reforms INCREASED the sustainably REAL GDP GROWTH of the economy c. Congress introduced a national VALUE ADDED TAX at a rate of 5%, which will generate an annual tax revenue for the federal government of 2% of GDP a year d. The Central Bank REDUCED significantly the REAL INTEREST RATE