What Did the Federal Reserve Do in Response to the Great

question 139

Multiple Choice

What did the Federal Reserve do in response to the Great Recession?

• A) It conducted open market purchases to drive up interest rates.
• B) It conducted open market selling to drive up interest rates.
• C) It conducted open market purchases to drive down interest rates.
• D) It conducted open market selling to drive down interest rates.
• E) It decreased the reserve requirements to drive up interest rates.

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Definitions:

Grade Equivalent

A measure that describes a student's performance in terms of the grade level at which the average score is the same.

Ninth Grade

Refers to the ninth year of schooling in many educational systems, often the first year of high school in the United States.

Stanine

A nine-point scale used primarily in educational assessments to classify scores into nine broad levels, with 5 being average.