There are two types of open market operations: ________ open…

There are two types of open market operations: ________ open market operations are intended to change the level of reserves and the monetary base, and ________ open market operations are intended to offset movements in other factors that affect the monetary base.

If the expected inflation rate in China is [Inf]0% and inves…

If the expected inflation rate in China is [Inf]0% and investors in one-year default-free Chinese government bonds require a real risk-free rate of return of [r]%, what is the required yield on one-year Chinese government bonds? (State your answer in percent form rounded to the nearest one-hundredth of one percent: xx.xx%)