10. The Bank of Canada, concerned about rising inflation, engages in tight monetary policy, sellings bonds and increasing its target for the overnight rate. However, this fails to reign in inflation in the short-term. Why might this be the case? (A) Private banks continue to lend out money. (B) The velocity of money increases, as people liquidate assets. (C) The Bank's monetary policy causes economic growth to slow. (D) All of the above