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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Cash Register

A machine used in businesses to calculate and record sales transactions, and to store money.

Immigrants

People who have moved to a country from one or more other countries, usually for permanent residence.

Delivery Firm

A business specialized in transporting documents, packages, or goods from one location to another.

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Strategic initiatives or schemes implemented by businesses to achieve certain goals, such as employee development, corporate social responsibility, or product innovation.