Beginning in 2008, the Fed Was Allowed to

question 133

Multiple Choice

Beginning in 2008, the Fed was allowed to

• A) lend directly to consumers.
• B) alter tax rates.
• C) pay interest on excess reserves deposited at Fed banks.
• D) require commercial banks to loan a certain percentage of their excess reserves.

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Definitions:

Corpus Callosum

A band of nerve fibers in the brain that connects the left and right hemispheres, facilitating communication between them.

Autonomous Morality

The stage in moral development when individuals recognize that moral rules are created by people and judge actions based on intentions rather than just consequences.

Heteronomous Morality

The stage in moral development where individuals base their moral judgments on the dictates and rules of authority figures.

Preconventional Moral Reasoning

The first level of Kohlberg's stages of moral development, where an individual's moral reasoning is based on external consequences rather than internalized standards.