If We Observe a Small Increase in the Actual Overnight

Multiple Choice

If we observe a small increase in the actual overnight interest rate over a several-day period,we can definitely conclude that the

A) Bank of Canada has implemented an expansionary monetary policy.
B) Bank of Canada has implemented a contractionary monetary policy.
C) Bank of Canada has abandoned its inflation target.
D) Government of Canada has reduced the money supply.
E) It is not possible to conclude any of the above.