In 2003, the Federal Reserve Had Used Its Control Over

question 75

Multiple Choice

In 2003, the Federal Reserve had used its control over the federal funds rate to such a degree that

• A)the federal funds rate was the highest it had been in 15 years.
• B)the federal funds rate was driven below zero.
• C)the federal funds rate was the lowest it had been in 15 years.
• D)Congress stripped the Federal Reserve of this authority.