No, mostly banks and other large institutions. The ECB only holds about 1/5 (2 trillion out of about 10 trillion).
First it's about a classroom expirement, not a monetary policy.
Second, the exercise is to learn about the exact things you two are speculating about.
No, mostly banks and other large institutions. The ECB only holds about 1/5 (2 trillion out of about 10 trillion).