Before the Financial Crisis of 2008, If the Fed Wanted

question 146

Multiple Choice

Before the financial crisis of 2008, if the Fed wanted to lower the Federal funds rate, it

• A)increased the discount rate.
• B)increased the reserve ratio.
• C)bought bonds from banks and the public.
• D)sold bonds to banks and the public.

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Definitions:

Oral Testimony

Evidence given by a witness through spoken words, rather than in written form, in a court of law or other formal inquiry.

Concise

Brevity; the use of no unnecessary words.

Medical Malpractice

A term referring to professional negligence by act or omission by a healthcare provider where the treatment provided falls below the accepted standard of practice, leading to injury or death of the patient.

Unintentional Torts

Legal wrongs resulting from actions that were not intended to cause harm but did so inadvertently.