In an Effort to Stabilize the Banking Sector and Keep

question 286

Multiple Choice

In an effort to stabilize the banking sector and keep banks lending, from October 2008 to September 2009, the Fed

• A)raised reserve requirements.
• B)raised the amount of interest paid on reserves held at Fed banks.
• C)declared a series of bank holidays to give banks a chance to recover from excessive withdrawals from customer accounts.
• D)lowered the federal funds target rate.

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Definitions:

Conquest of Mexico

The event in which the Spanish, led by Cortez, defeated and took control over the Aztec Empire in the early 16th century.

Susceptibles

Individuals within a population who are at risk of contracting a disease or condition because they have not yet developed immunity or resistance.

Outbreaks

are occurrences of cases of disease in excess of what would normally be expected in a defined community, geographical area, or season.

Spaniards

The people originating from or associated with Spain.