Between June 2004 and June 2006, the target federal funds rate was _____ from _____ to _____.
A) raised; 1 percent; 6.5 percent
B) raised; 4.75 percent; 6.5 percent
C) lowered; 6.5 percent; 1 percent
D) lowered; 6.5 percent; 4.75 percent
E) raised; 1.0 percent; 5.25 percent

Question

Quizplus · Accepted Answer

The phrase "raised from" suggests that the target federal funds rate was increased. The range of rates mentioned in the answer choices is between 1 percent and 6.5 percent. The only answer choice that indicates the rate was raised and provides a range within that range is E, which says the rate was raised from 1 percent to 5.25 percent.

Between June 2004 and June 2006, the Target Federal Funds