To Move Quickly to Turn Around the Crisis During 2007-08

question 64

Multiple Choice

To move quickly to turn around the crisis during 2007-08, the U.S. Federal Reserve relied on:

• A) lowering taxes.
• B) removing restrictions on collateral, adding more categories of securities purchased by the Federal Reserve, and expanding its operations with nonbank dealers.
• C) tightening up credit rules and keeping banks out of trouble.
• D) admonishing the administration for its excessive debt situation.

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Definitions:

Personal Interests

Individual preferences, hobbies, or activities that one finds enjoyable or satisfying.

Physical Safety

The state of being protected from potential harm or injury to the body.

Product Liability

The legal responsibility of manufacturers, wholesalers, or retailers for injuries or damages caused by defective products they provide or sell.

Personal Injury

Physical or psychological harm to a person due to another's negligence or harmful act.