Which of the Following Is True

Multiple Choice

Which of the following is true?

A) A side effect of the Fed's greater openness is that a larger volume of open market operations is needed to hit a given fed funds rate target.
B) The Fed believes that if it better communicates current and future policy moves, there will be less uncertainty.
C) The Fed uses M1 primarily in the execution of monetary policy because it is the aggregate most widely used to make transactions.
D) The Fed has become more secretive in recent years.