Which of the Following Was True of the Actions of the Federal

question 79

Multiple Choice

Which of the following was true of the actions of the Federal Reserve in response to the recession of 2008?

• A) The Fed shifted toward a highly restrictive monetary policy in 2008, which was a major cause of the recession.
• B) The Fed continued to focus only on price stability and therefore it expanded the money supply at a slow and steady rate throughout the recession.
• C) The Fed introduced several new procedures for the conduct of monetary policy and it increased the monetary base rapidly as the recession worsened.
• D) The Fed continued to purchase and sell only U.S. Treasury bonds when conducting open market operations to control the money supply.

Understand the basic concepts and models of buyer behavior.

Grasp the different levels of need awareness in the buying process.

Recognize the significance of trial closes in sales presentations.

Comprehend the organizational buying process and its guidelines.

---

Definitions:

Colorful Murals

Large, often public, paintings or artworks on walls that are notable for their vibrant and diverse colors.

Commercial Bank

A financial institution that offers services such as accepting deposits, providing loans, and offering basic investment products to the public.

Strictly Business

Attitudes or actions that are focused solely on business matters, usually implying a formal or serious approach.

Mental Effort

Mental Effort is the cognitive labor involved in processing information, solving problems, or comprehending complex concepts.