Quantitative Easing Occurred When the Fed Purchased Bank Debt, Mortgage-Backed

question 39

True/False

Quantitative easing occurred when the Fed purchased bank debt, mortgage-backed securities, and long-term Treasury notes with money it created electronically.

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Definitions:

Supplies Account

An account used to track the cost of consumable items and minor equipment used within a business operation.

Adjustment

An alteration made to financial records or statements to correct errors or account for changes.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that a company's financial transactions are correctly recorded.

Worksheet

A paper or digital document used to organize information, perform calculations, and prepare for the creation of financial statements.