When there is excess supply of money.

A. People sell bonds to get more money. The increased supply of bonds causes bond prices to rise and interest rates to rise.

B. People buy bonds to get rid of money. The increased demand for bonds causes bond prices to rise and interest rates to fall.

C. People buy bonds to get rid of money. The increased demand for bonds causes bond prices to fall and interest rates to rise.

D. People sell bonds to get more money. The increased supply of bonds causes bond prices to rise and interest rates to fall.