The Fed was committed to keeping interest rates low to assist Treasury financing of budget deficits
A)only during World War I.
B)during the Great Depression.
C)during World War I and World War II.
D)throughout the entire existence of the Fed.

Question

Quizplus · Accepted Answer

The statement mentions the Fed's commitment during World War I and World War II to keeping interest rates low to assist Treasury financing of budget deficits, indicating that the answer is (C).

The Fed Was Committed to Keeping Interest Rates Low to Assist