In Response to the 2007 - 2009 Financial Crisis,the Fed's

question 38

Multiple Choice

In response to the 2007 - 2009 financial crisis,the Fed's prime credit rate,which was 6.25 percent at the end of 2006,was lowered to _____ percent by the end of 2008 and was maintained at that level through 2009.

• A)0.0
• B)0.5
• C)1.0
• D)1.5
• E)none of the above