In 2008, the Fed followed an expansionary monetary policy, which was evident by the:
A) decrease in the federal funds rate from 4 percent in January to 0.25 percent in December.
B) increase in the federal funds rate from 0.25 percent in January to 4 percent in December.
C) decrease in the repo rate from 4 percent in January to 0.25 percent in December.
D) increase in the discount rate and decrease in the Fed fund rate by the same amount.
Correct Answer:
Verified
Q116: If the level of excess reserves in
Q117: To increase the nation's money supply, the
Q118: Who buys and sells in the Fed
Q119: When the Fed lowered the discount rate
Q120: When the Fed reduces the discount rate,
Q122: The Fed generally announces what it is
Q123: To achieve its target when the federal
Q124: If the federal funds rate falls below
Q125: When the Fed raised interest rates between
Q126: If banks are short of reserves, the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents