Following the Terrorist Attacks of September 11,2001,the Federal Reserve Increased

question 87

Multiple Choice

Following the terrorist attacks of September 11,2001,the Federal Reserve increased:

• A) its lending to banks.
• B) required reserve ratios.
• C) open market sales of bonds.
• D) the discount rate.

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Definitions:

Taxes

Compulsory financial dues or another form of tax applied to an individual by a government entity to support government finances and assorted public outlays.

Country

A separate geographical area or political unit acknowledged as a sovereign state.

Taxable Income

The amount of income that is subject to income tax after deductions and exemptions.

Personal Income Tax

a tax levied on the income of individuals or households, typically at a progressive rate.