After the Attack on the World Trade Center in New

question 13

Multiple Choice

After the attack on the World Trade Center in New York on September 11, 2001, the U.S.Fed decided to

• A)cautiously assess the situation and wait several days before taking any policy action
• B)lower reserve requirements for banks to signal its desire to stimulate the economy
• C)increase bank reserves to guarantee liquidity to the financial system
• D)close for a few days and therefore could not undertake any open market operations
• E)undertake large open market sales to indicate to the world that financial markets still worked

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Definitions:

Image Handling

The process of managing and influencing public perceptions of an organization, product, or individual through various communication strategies.

Data Handling

The process of collecting, storing, processing, and managing data.

Extranets

Private networks that use Internet technology to share part of a business's information or operations with suppliers, vendors, partners, customers, or other businesses.

Electronic Commerce

Buying and selling goods and services through use of the internet.