When QE Ended in 2014, the Fed Had Accumulated Over

question 2

Multiple Choice

When QE ended in 2014, the Fed had accumulated over _____ trillion in mortgage-backed securities.

• A) $1.425
• B) $0.6
• C) $3.725
• D) $1.7

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Definitions:

Accounts Receivable

Debts owed by clients to a firm for goods or services provided but not yet compensated for.

Sales Revenue

The overall amount of money a business earns through the sale of products or services, prior to deducting any costs.

Cash Account

An account that records all transactions involving cash inflows and outflows.

Bank Statement

A document provided by a bank, summarizing the transactions that occurred in an account over a period.