In Response to the Great Recession of 2007-2009, When Did

question 7

Multiple Choice

In response to the Great Recession of 2007-2009, when did the Federal Reserve first cut the federal funds rate to zero?

• A)December 2007
• B)June 2008
• C)December 2008
• D)January 2010

---

Definitions:

Wind Up

The process of concluding or finalizing the affairs of a business or an entity, leading towards its dissolution.

Sole Proprietorship

is a business structure where a single individual owns and operates the business, assuming sole responsibility for its debts and obligations.

Unlimited Liability

A legal structure in business where the owner's personal assets can be used to satisfy the business's debts and liabilities.

State Statute

Legislation enacted by a state legislature or established by a state court.