In the 1975-1981 Period, the Bank of Canada Selected an Interest

Multiple Choice

In the 1975-1981 period, the Bank of Canada selected an interest rate as an operating target than a reserve aggregate primarily because it ________.

A) had no interest in targeting a monetary aggregate, as evidenced by its unwillingness to target a reserve aggregate
B) was still very concerned with interest rate stability
C) was committed to the real bills doctrine
D) was committed to keeping the foreign exchange and domestic bonds markets functioning smoothly
E) None of the above