In 2009, QE1 involved
A)cutting some interest rates to below zero.
B)the bailing out of major banks.
C)the federal government's increased spending and tax cuts.
D)the Fed's purchase of mortgage backed and long-term government securities.
E)no action.

Question

Quizplus · Accepted Answer

QE1 involved the Fed's purchase of mortgage backed and long-term government securities in an effort to stimulate the economy and increase liquidity in the financial system.

In 2009, QE1 Involved