Recall Application 3, "The Financial System Under Stress: September 11, 2001," to answer the following questions:
-According to the application, which of the following was not a tool used by the Fed to avert a financial crisis in 2001?
A) the Fed increased the Federal Reserve Float
B) the Fed took over major US banks
C) the Fed purchased government securities
D) the Fed allowed banks to borrow more
Correct Answer:
Verified
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