During the Recession of 2007-2009, the Federal Reserve Began Cutting

question 4

Multiple Choice

During the recession of 2007-2009, the Federal Reserve began cutting its target for the Federal Funds rate in

• A)January of 2007.
• B)September of 2007.
• C)September of 2008.
• D)January of 2009.

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Definitions:

Finding of Negligence

A determination in law that an individual or organization failed to act with care, resulting in harm to another party.

Last-Clear-Chance Doctrine

A doctrine used by a plaintiff when the defendant establishes contributory negligence. If the plaintiff can establish that the defendant had the last opportunity to avoid the accident, the plaintiff may still recover, despite being contributorily negligent.

Contributory Negligence

A legal doctrine indicating that if a party has contributed to their own injury or damages through their negligence, they may not be compensated for those injuries or damages.

Final Clear Opportunity

A concept in tort law, particularly in negligence, which refers to the last chance a defendant might have had to avoid causing harm to the plaintiff.