Which of the Following Correctly Describes a Monetary Target the Bank

Multiple Choice

Which of the following correctly describes a monetary target the Bank of Canada has focused on?

A) The Bank of Canada has used M1+ and M1++ as targets since 1993.
B) The Bank of Canada has focused on M1+ as a target after deregulation of the financial markets.
C) The Bank of Canada uses the overnight interest rate to target the interest rate.
D) After 1980 and before the 1990s, the Bank of Canada focused on interest rate targets.
E) The Bank of Canada has focused on the growth of M2, rather than the level of M2.