Which of the Following Correctly Describes What the Fed Used

Multiple Choice

Which of the following correctly describes what the Fed used as monetary targets in the past?

A) The Fed used M1 and M2 as targets after 1993.
B) The Fed focused on M1 as a target after deregulation of the financial markets.
C) The Fed increased its reliance on interest rate targets since the mid-1990s.
D) After 1980 and before the 1990s,the Fed focused on interest rate targets.