In the 1975-1981 Period, the Bank of Canada Selected a Monetary

Multiple Choice

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

A) was concerned about inflation
B) was still very concerned with achieving 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