What Was the Approximate Peak Amount of Borrowing from the Fed

question 49

Multiple Choice

What was the approximate peak amount of borrowing from the Fed during the Financial Crisis of 2007-2009?

• A) $2 billion
• B) $100 billion
• C) $270 billion
• D) $1 trillion

---

Definitions:

Rate Optimizer GIC

A Guaranteed Investment Certificate (GIC) that adjusts its interest rate based on market changes to provide optimal returns.

Total Interest

The cumulative amount of interest paid or earned over a particular period of time.

Annual Rates

The yearly return or interest rates associated with financial products or investments.

Strip Bond

A debt instrument that has had its interest and principal payments separated (stripped) into two distinct parts, both of which are sold separately.